The merger deal is for equity swapped. Moneypot legacy is using the income gained from the equity to pay for things such as debt tokens, support for R2B2 in the future, and increased development of Moneypot. No direct payments were made to the owners.
To add to this, Keeth is correct - there hasn't been any transfer of money to MoneyPot, and it's important to note that we haven't closed the deal yet.
hmmm no transfer of any money and you guys havent close the deal yet. that means Dogedigital lied as always because what income old MP owners will have to pay the promised compensations to the Investors?
Contingent upon our deal was that the old MoneyPot team would make realistic arrangements to settle all their previous liabilities from future revenue of the MoneyPot platform, and solve the Rubies token situation. The proposal that Keeth put out there seemed realistic and in the best interests of anyone that had a vested interest in MoneyPot fixing this situation and moving on under the Monster Byte umbrella. The alternative is that they would fold operations and everyone is left with nothing.
situation right now for us Investors is that we received nothing so same as they would fold!
However, there was a legal claim presented in the Canada courts that we need to see through before we move any further. It's unfortunate as I believe we were making some good progress on foundational items, but we (Monster Byte) will need to see how that case ends up before we officially close the deal with MoneyPot.
for me it looks like you only now got knowledge of the court claim in Canada and this through our discussions. hmm and you didnt see through the court case yet to move any further? sorry but this stinks
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This thread isn't helping matters, and anything can (and most certainly will) be used in the court system - so this is the last I'm writing publicly on this matter until it's resolved.
now you are talking like Keeth instead of helping them and us the Investors and RBIES holders to clear the matter and start to be Transparent
how about a new start and please give us a straight forward explanation how this deal will be handled from your side?