Just to clear this up:
You are raising 1000000 Nxt, which is at this moment worth 90 BTC which is around $ 72500.95
Will you be giving reports what the money is spent on, like any company does?
Sorry. This is a private company. How it spends its earnings are private. That is just the way it is.
To re-iterate, the money is spent for development costs of the coin.
Furthermore, the 1,000,000 Nxt may not fetch 90 BTC.
We are in fact taking considerable risk by tying the price to Nxt.
In fact, we rather not take Nxt as purchase price, but we don't know where else Nxt holders can spend their coins.