hey;
so i'am not really up to date about this project and i hope somebody can help me with this:
I remember that there was some kind of "investor protection clause" saying, that the investors will get 0,0015?? per share back, if the project fails?(Not really sure about this...)
Or was the clause saying that investors get paid all dividends until 0,0015 per share got paid??(Or is this wrong,too?)
Anyway, am i right when i say, that this project looks like a disaster??
I remembered it like this:
Hopefully everyone remembers the IPO filing stated that no dividends would be payed to private shares until all public shares got an accumulated dividend of at least the IPO share price... (I'm not 100% sure, but there was something like that in it.) Most probably someone will have a backup of the IPO filing from BitFunder to find the exact conditions. Maybe these documents should be published on the icedrill.io website as well.
The only remaining question is how much private investment was made and how honest the management will be concerning this statement.