When most of the Chinese wake up and see this news,they will deem this refund behavior as III has a serious legal problems,and then what?
Sell Sell Sell...
Just my guess.
Or this is a sign that I3 has resolved potential legal problems before they become a problem. Nothing appears to have changed from the bottom line perspective.
Developers are now independent and no longer depending upon I3 for future growth. BitShares is now unified. The BTC funds are mostly spent and the product has been delivered.
I3 couldn't realistically sell the PTS and holding the PTS was a liability on the value of PTS and chances are they will get much of their own personal PTS back as a result of this move.
I see this move has having several major advantages for I3:
- In the event the SEC did get involved, they have already returned 50% funds raised which could help reduce any potential fines.
- It probably helps them with taxes in the event the donations are considered ordinary income. They probably couldn't sell the PTS for enough to cover the potential taxes owed.
- It gives PTS potential for 3rd parties to share drop without having to worry about funding competition.
- It makes PTS more vender neutral.
Over all I don't see how this could be bad for anyone. Perhaps AGS donors will dump PTS, but then again they were long term holders.
Topic: Invictus Innovations to Return PTS Donations (Read 52029 times)
