Quote from: masstoken on September 02, 2017, 08:04:56 PM

Firstly we would like to thank everyone that has been waiting patiently while we've been putting in the necessary work since the release of The DAO Report. The guidelines released by the SEC have certain unclear implications and references that were outside of the scope of any of our own personal knowledge and required professional counsel. With that being said, it has been a very grueling period of time in which we've had to use personal funding, vette dozens of lawyers and firms in search of one or several that could tackle the issue at-hand, and continue with development in preparation for the future of MASS.

As promised we are remaining transparent with our investors and supporters so that everyone has an understanding of where we stand now and where we might in the near future. We have retained Losey PLLC which is comprised of multiple attorneys, each with their own focus in various areas of practice. The first steps were complete analysis of our goals, offerings and so forth so that they could have a better understanding of how if at all, our project would fall within the realm of a security, commodity, or otherwise. Following that was yet more analysis to determine what options we had that would best suit all parties involved including but not limited to our investors, any regulatory bodies of interest or concern and the project overall.

Now that both steps have been completed, we are exploring all possibilities thoroughly without any knee-jerk decisions being made in order to maintain the level of clarity and direction that we have upheld since the start in order to secure a long-lasting, legal presence within this space. Tuesday evening our team will conference in with our attorneys and discuss how we plan on moving forward. We will make another announcement following that. As of this time, we are still as mentioned already - determining which options are best. We will continue to keep everyone updated as we have any news to share and greatly appreciate the patience of our supporters.

Thank you for the update. In my opinion it was a necessary update, in order to inform us.