The fact they over sold something that should have been finite is the problem, now they go back on their word to wait till release and let people in if there were refunds.
Just for a general information, due to small amount of refunds, there are still over 780 BTC currently gathered on both Bter and Maxmint (and some of these will need to be refunded).
This also means that even if we had not agree to the early trading (against the wishes of the majority), it still would not be certain that these waiting for refunds could have made it in.
Who is this majority? I see that term thrown about, but to be a majority, wouldn't the majority of coin owners need to vote?
The poll didn't even require people to own any crypti to vote. So those who missed the IPO who still wanted coins, would obviously vote for an early sale.
And yep, it's not a certainty that those waiting would have received coins. But the early sale turns uncertainty into no possibility. By the way, that dev blog has a typo -- with the majority voting
positevly.