Wait a minute. Didn't this SNAFU happen with the original IPO for AMC with the original shares going for 0.0005, rising to 0.0008, and then a bunch of shares being dumped at 0.0005 again?
Yeah basically people don't read contracts and get all pissy when an asset issuer exercises their rights that are rather explicitly explained within said contract.
All water under the bridge now though...or at least that's what you'd think. ha.
Just because you can do something doesn't mean you should do it. Hopefully Ken will reconsider listing these new shares, or at least list them at a higher price (0.0028) to make up for all the people who bought at 26 or 27 thinking that the 25 wall was done for good.
Again, Ken wanted to release at market price, but the contract stated that the second lot of shares would be released at 0.0005. He was contractually obligated to release at 0.0005. Investors got upset because they didnt read the contract.
He wasn't contractually obligated to release at .0005; he was contractually obligated to release at
no less than 0.0005 when the AMC structure was in place.
That Bitfunder took such a heavy hand with Ken only made things worse. It's frustrating to see the peanut gallery actually hold any sway in such matters and worse still to see that their caterwauling achieved anything.
Ya, that was my take, too.