Mr. Zimbeck is doing an AMA:

http://www.reddit.com/r/BitBay/comments/2lwx22/ama_with_bitbay_and_dzimbeck/

I would vote for #2.  Some whales are bad.  They just come in and then dump to shit.  But some whales are good.  They leave the coins better off after they're out and after all is said and done, the coin gets more attention, more btc; I mean what's wrong with that?

Does trading start as soon as the bittrex wall is removed?  Or is it a couple more days before the market (besides Poloniex) opens up?

tl;dr Cloak was in shambles; we're trying to fix it, but we need money.  Maybe we'll put something out to appease you while you wait a really long time for PoSA v3.

Thank you very much (and also thanks for the Poloniex answer). 

Can someone tell me when the ITO ends?  Why are there sell orders less than ITO price on Poloniex?

Nice! Will be watching and waiting for details!  Good luck!

Hello - can I have update on development?  What is audit status?  What is PoSA v3 status?  Thank you.