That is the problem with raising such massive funds at ICO - i wonder how much their funds have accumulated to. It must be a hell of a lot.
Why arent they doing buy backs with some of the money? It must be 2-300 mill they have. This is why the ICO bubble will die soon. So many projects will be trading below ICO price and teams have become greedy. Its greedy to have a 2-300 million fund and sit back and let the price fall like this. Money talks - They can do buy backs. This is a golden opportunity. Just using 10m funds now would swoop up 20-25%% of circulating supply at market price. Heck they could even use 20m seeing how much they raised. It would at least allow MobileGo to breathe a bit and investors can have renewed hope.
Investors are totally wrecked here. Just look at this thread. Noone has a positive thing to say because why would they? Unless you are buying in now you would not be happy at all.
This will probably be a 30m market cap soon and who knows even down to 20m lol
But the team have so much money. They are probably laughing at investors. I dont think they care much.
yeah good idea with the buyback thats what I was talking about here but there was no reaction on it ..
"Do you guys think they threated their Investors well until now?
The fact that they we're given $50mio but werent able to deliver promised Things like the swap or bittrex is there.
It doesn't matter imo if it's their fault or not (so please do not explain once again that it was the fault of anyone else) but I think they should have at least released some words of sorry for their Investors and present a Little gift or something.. but instead there are people defending this and denying a fault with each cell of their body and not trying to see what ppl want.. please realize that 10% of ppl are fudding 50% of ppl are thinking positively and 40% are just sitting on their mgo watching the Price and watching this thread without posting anything. It's important to not lose them so why not surprse your Investors by some good words of understanding and maybe a Little present?
check the real stock market and their Investors .. show me 1 successful Company which is denying that they did mistakes ...
last but not least I'm an mgo holder and I will hold longterm I dont want to fud but I want to be threated like a guy who invested real money in a non existing / in Progress Project so theres some Kind of "respect" appreciated imo"