If the offer is made, and participating in the buyback is voluntary, I don't see that as an issue. I agree that a lot of people probably got in to the fund without any idea of how long it might take to pay back, and this would give those investors an out.
That seems quite a reasonable statement for someone who downgraded our Trust rating here by posting that:
"Seedcoin scammed users out of at least 1100 BTC. Offered 2 million shares at 0.001 BTC each (2000 BTC total) and then tried to buy them back for .00045 BTC each (900 BTC total), pocketing the rest."
I would be interested to read your explanation about where Seeedcoin has been 'pocketing' the rest since funds which have been raised have been paid out to the startups as planned and along a calendar of drawdowns agreed with both the entrepreneurs and Havelock. If we offered investors BTC0.00045 per unit we would be buying these with new funds raised from private investors and completely unrelated to the SF1 fund raising. That would not be a 'pocketing' but a fresh outlay of bitcoins.