Wasn't that a necessary step towards getting listed on bigger exchanges? I know Bittrex doesn't want dividend tokens so that was a problem, plus the company isn't actually producing anything for the time being. Maybe they'll reintroduce the dividends once the company has a real product.
That was one factor. Apparently there were legal issues with the US as well. But there should be some workaround anyways. Or at the very least some new perk for token holders. Because as is, it is not just dishonest, but also potentially highly damaging to the crypto scene as a whole. If people just end up promising everything in ICOs and then delivering almost a fraction to nothing "because muh regulations" ICOs will become the laughing stock of the world, just like politicians before them.
Why would anyone believe or invest in ICOs if they can make up shit for their fundraiser and then not deliver on it afterwards when they already got all the money?
There are dor sure alot of ICO's out there to just get money and not deliver anything. SONM is not one of those ICO's, it is also not a quick flip ICO, it is one of those long term holds that will go x 25 at least.