Quote from: MaryAngela_Fantocci on July 22, 2018, 08:10:05 PM

Quote from: Strasmore on July 22, 2018, 06:44:02 AM

Hello! Here's a message from our CEO on our Telegram channel (https://t.me/FCFL_FAN_TOKEN) addressing your concern:

Dear FCFL / FAN Token Community,

We would like to address the recent email that we understand some of you received from MicroVentures if you participated in our presale in December on their platform in which MicroVentures stated they had decided to unwind the investment opportunity and return investor capital. We did not consent to that email being sent out. We have no way to communicate directly with the purchasers who participated in our presale on MicroVentures platform as MicroVentures has refused to give us any information about who the purchasers are in order for us to communicate with them.

Since late December when MicroVentures publicly announced the successful close of the FCFL / FAN Token presale on their website we have been asking them to complete the administrative steps to allow us to countersign the presale purchase documents that purchasers delivered to MicroVentures. Nearly 7 months later we still have not been given a valid reason as to why MicroVentures cannot complete the offering, and they then sent out this email without our knowledge or consent last Friday.

If you were a purchaser in the MicroVentures platform offering, FCFL would be happy to hear from you directly. We want to ensure that MicroVentures is handling this unwinding that it initiated properly and treating any purchasers in the MicroVentures platform offering fairly. We also are happy to discuss with you working with us directly to participate in our presale on the terms of the December offering. Please contact me via email sohrob@fanchi.se or here on Telegram @sohrobf.

I hope that the email from MicroVentures does not taint your view of the FCFL and FAN Token.

Power2theFANS!

Sad story for investors, 7 months capital was frozen and strange situation now.

We are still moving forward. The regulatory environment for utility tokens has changed dramatically since we first decided on our main sale date. What companies were able to do late last year and early this year is just not possible, unless the company wants to risk violating securities laws. We do plan to hold a public sale this year and we're working hard with our legal team and our product development team to have the platform ready. Once the platform is ready we can hold a token sale and the tokens will have utility in the platform thus changing the discussion on whether or not they are security or utility. We're just as frustrated as you are that we haven't been able to move forward as we originally intended, but that doesn't mean we stopped trying. We will do everything we can to make this happen in a compliant manner.

Strasmore

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