Quote from: ArsenalUnicorn on December 20, 2017, 02:44:25 PM

http://www.tezos.help/community-press-release.html

The Story and Voice of the Tezos Community

Explains a lot. Please share it far and wide!

I just read this link - but it does not explain anything for the Tezos investors. This petition is useless, like a tiger without teeth.

The question is what can investors do to either
A) know the project will continue as planned or
B) get the f**** money (eth) back.

It is obvious that:
- Arthur and Kathleen have no power to replace Gevers,
- Gevers has all the raised funds under control
- Foundation (led by Gevers) will most likely not easily buy the Tezos software from Arthur & Kathleen (due to dispute)
- Tezos project cannot be developed without the funds

Since A) is most likely not happening, plan B) in the form of a legal shitstorm is approaching.

Lots of people are joining class actions in the US. There are currently 4 (!) pending class actions.

I assume outside of US there could be similar lawsuits popping up, perhaps on the basis of breach of securities regulation (like in US) or general tort / contract breach (more likely in EU).

Meanwhile some folks are playing with the "futures" market for tezzies on the HitBTC exchange - which I assume can only additionally hurt ill-informed investors.

What will you guys do? Sue? Wait? Would you demand refund if you could?

HonestSurfer

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