FYI - Melissa just answered many of my questions privately, so they are still communicating even though the Telegram group is closed. Since it was a private conversation, I don't want to post it here publicly without permission. I still have concerns, but I at least wanted to mention that they are listening.
Melissa asked that I not copy/paste the conversation here because she's concerned it could lead to confusion, which would just feed the trolls.
That said, she gave me permission to answer similar questions here if I know the answer.
I've got few questions then:
- is the delay in platform deploy caused by not meeting goals, or did they come across legal problems that were not foreseen?
- are they already selling their ETH benefitting from good price, or are they willing to wait till property acqusition?
I don't know if they have cashed out their ETH yet...I didn't ask that question.
Based on her comments to me, it seems like they are still trying to work through their structure. They are trying to do something innovative, so it takes time. Melissa assured me that the process requires more than just setting up an SPV, but she didn't go into more detail. She did mention they are working with Dentons, a top law firm.
At the same time, they are also exploring markets in Southeast Asia to invest in.