But you are buying back shares for 2000 at NXT ae, way below IPO price.
Yes we are, we feel that the price was at a point that was unjustifiably low. By no means are we encouraging anyone to sell their coins.
We didn't put up a buy wall at the moment of the crash because we didn't want to see a crazy panic sell, and also because it was news that I had presented that caused the crash, felt dishonest. But then the price sat at a very low level for over a month and we felt that it was worth buying back some of our notes and driving the price back up. We feel that we've got enough cash to get through at least the beta, and we've only managed to buy 17 notes at our asking price of 2000. We were never planning on buying more than around 60, because that's all the money we're willing to spend propping the price up.
But it seems to be all the money that's needed. We are feeling optimistic and you guys should be feeling optimistic too.
In hindsight, I should have been more transparent about putting the buy wall in place. If I had said 1 week in advance that I was throwing up a buy wall (up to ~60 notes) at 2000 nxt each, you guys probably would have pushed the price above that all by yourselves.
We bought 1/10000 per share not 1/25000. Your 0,00039% is just Math and not the agreement. The aggreement is 10000 shares in total.
Are you really want to play us that bad?
The sianote directly derives its value from the volume of money being spent on storage through the Sia network, because the fees provide a payout in siacoins to the holders of the sianote. If we decided to make the fee 0%, but still keep 10,000 sianotes and give out the ~1200 that we sold in the crowd sale, that would be insulting to everyone. It's not the 1/10000 that counts or adds value, it's the 0.00039%.
Plus, as msin is suggesting, 10% might be too high, and we may need to lower the price back down to 5%, 3.9%, or even something lower like 2%. All of these price changes should not affect the crowdfund holders, because I've always stated that they will be getting 0.00039% per sianote, and that's the number that's most important when trying to put a financial price on a sianote.
Hey put the fees to a price you feel that is best for the project. I will agree with it.
BUT there are 10000 shares, you just cannot print 15000 more. Are you the FED or what?
Honestly don´t do that, it looks like a huge scam. Do you really want to ruin your reputation now.
I have never said a bad word about Sia, not even when you told us that the original project can´t be realised.
But you sold us 15% of 10000 shares. That´s what it is, not changeable at all.
Your behavior is not acceptable.