Quote from: Mendeleev on April 04, 2017, 02:55:36 AM

Quote from: estenity on April 04, 2017, 02:03:49 AM

so they did hold preciously their btc (byteball linked ?) and had an important benefit with them in dollar terms, but mobilized recently 1,900 btc out of 6,900 :does anybody know what was this movement for? an important investment move anyway...

Good question.

This will hopefully be shown in future quarterly reports. We're at the start of the second quarter, and the first buyback period was stated to last 90 days:

Quote

1,000 ETH will be used to purchase ICN in a 90 day period starting from 1st of April 2017.

... with a quarterly report in Q2, after this period has ended:

Quote

ICONOMI will disclose its ICN purchases i.e. total number of tokens purchased and the average price paid per token in a quarterly report for Q2 2017.

(Source: https://medium.com/iconominet/iconomi-introduces-repayment-programme-54bfa449d458)

These two pieces of information tell us that the quarterly report won't be published until the end of June (the end of Q2, and the end of the 90 day buyback period)

If this is a full quarterly report, then the BTC (and other spending) should be accounted for in that report, as well as the ICN buyback information.

Note to Iconomi team: A summary email (which investors receive every so often) is NOT a quarterly report.

Investors should expect to see a detailed report of BTC (and any other funds) spent, as well as information on the 1000 ETH buyback, shortly after the end of June. References to blockchain transactions for any blockchain spending would also be beneficial to the diligent investor.

If this report contains ONLY the buyback information, then you should be making it clear that you want to see more detailed information on spending, and income, in a proper published report. And not just an 'update' email.

As we have just exited Q1, it's possible that a Q1 report will be shared soon, but there's been no indication of this so far, and I don't expect this to happen. It would be nice if it did, though.

This is how we encourage transparency, and accountability.

I look forward to seeing how much detail this report will contain.

As always, Mendeleev has got your back Cool

I agree completely with you here Mendeleev. Simple email summaries do not count as quarterly reports. And in general the team needs to be better about transparency and communication with investors. For example it would be nice to know what the 450 BTC moved today is being moved for. The sooner the better so that peoples' imaginations don't run wild.