They got more tokens from those 196.3 eth then I thought they will. You have to consider that these buybacks were done in Q4 when ETH was from $300-$400... When they announced the rebuy amount it looked like this: In Q4 we are continuing with our repayment program using revenues generated in Q3, which amounted to $57,177 or 196.3 ETH.
So yeah, I think that they did a pretty good job in turning $60k in almost 53k ICN... If they would do a similar job in Q1 they could turn that $1M into for example 800k ICN tokens to be burnt which would be huge. I doubt that they will be able to pull it off, and I would be very content with them burning around 500k tokens.
Just had time to read the Q4 report, the assets and growth figures are fantastic, and good to read that the team are working on the Fiat Ramp-Up Services, which will be excellent for growth.
THE FOLLOWING IS FOR THE TEAM TO READ AND TO TAKE ONBOARD
My biggest CONCERN at the moment is, who the hell is in charge of the ICN buy-back program as these figures are HORRENDOUS. 196.3 Eth to buy-back and burn ONLY 52,627.34 ICN??? At what dates where these trades done??? And by who, as a trader, they are not!!
This is not fud, as a long-term HODLer I want to see as many ICNs burnt as possible for OUR 196.3 ETH dividend,and this amount is a disgrace.