Quote from: sud on October 09, 2018, 11:30:11 AM

BTW does anyone is going to do some arbitrage on ICN, since ICONOMI will be buying back their tokens at the rate 0.0019 ETH and now the price is sub 0.0016 ETH? In other circumstances I would say that it's a great opportunity to make some easy money, but with ICN you never know...

https://medium.com/iconominet/the-technical-and-legal-side-of-iconomis-transformation-542319b96f0f

What if ICN token holders do not want to become ICONOMI shareholders?
If holders of ICN tokens do not want to become ICONOMI AG shareholders, they have multiple options. They will by no means be left empty-handed.

Token holders will be able to sell their ICN tokens on exchanges. If trading on exchanges stops, ICONOMI will take over and buy ICN tokens from token holders in exchange for ETH at an exchange rate set at 0.0019 ETH for 1 ICN, but not before November 1, 2018. This exchange rate is set on the basis of the average exchange price of the ICN token to ETH in the period of the last 180 days (preceding September 27, 2018), which is 5% higher than the current market price of ICN expressed in ETH. This exchange rate will be valid until December 31, 2018.

Nevertheless, the option to convert ICN to shares of ICONOMI AG or to ETH will not end on December 31, 2018. If ICN token holders want to hold their ICN for a longer period, they will be able to do so. We will prepare a process of exchange of the ICN tokens either for shares of ICONOMI AG or for ETH. However, we encourage all ICN token holders to make the conversion during the first set period, as additional costs may apply after December 31, 2018, or the conversion/exchange rate after December 31, 2018 may be less favorable.

I guess you could always take a gamble but given their overall shady past behaviour, I wouldn't put it past Jani to come up with some scheme to fuck

you even further.