That is the problem with raising such massive funds at ICO - i wonder how much their funds have accumulated to. It must be a hell of a lot.
Why arent they doing buy backs with some of the money? It must be 2-300 mill they have. This is why the ICO bubble will die soon. So many projects will be trading below ICO price and teams have become greedy. Its greedy to have a 2-300 million fund and sit back and let the price fall like this. Money talks - They can do buy backs. This is a golden opportunity. Just using 10m funds now would swoop up 20-25%% of circulating supply at market price. Heck they could even use 20m seeing how much they raised. It would at least allow MobileGo to breathe a bit and investors can have renewed hope.
Investors are totally wrecked here. Just look at this thread. Noone has a positive thing to say because why would they? Unless you are buying in now you would not be happy at all.
This will probably be a 30m market cap soon and who knows even down to 20m lol
But the team have so much money. They are probably laughing at investors. I dont think they care much.
but I want to be threated like a guy who invested real money in a non existing / in Progress Project so theres some Kind of "respect" appreciated imo"
Yeah you'd think you'd be entitled to better treatment but tools like this idiot Jack think you and everyone else is here to make a quick buck then dump their coin. With this thinking in mind, people like Jack think its totally cool to steal a fortune and give nothing back because he knows how to write in paragraphs on some jerkoff bitcoin forum.