Hello there!
First and foremost we would like to thank everyone for their continued patience while we invest our personal resources in the appropriate places to ensure that MASS has a secure, long-term, and successful presence. With the recent events taking place (the parity vulnerability; our funds recovered and the release of the newest SEC guidelines) - we've been put in a position and given the opportunity to assess things from a better perspective.
That being said, we've taken every step possible thus far to secure the longevity of this project and will continue to do so. What we've discovered in the past week or so, is that while many attorneys exist within this space that have educated themselves somewhat on both securities language and are familiar to a degree with the technology it applies to - not everyone is necessarily the right person for the job.
What this means is we need to hold off on any pre-sale continuation until we square these things away, we should have more clarity by the start/mid of next week, but that also brings us into mid August territory. Keep in mind this also has been impacting any efforts of advertising, as well as the audits (some portions of the smart contracts will need to be changed based on legal feedback). This is something that we unfortunately have very little control over.
All we care about is what is best for MASS, which is to have an excellent launch and reach its funding goals, for this we need enough time and the ability to have a specific date. The work on our side of MASS has obviously continued as usual, but now we just need to bring all these pieces together. Don't take this as anything "bad", it is just us trying to be transparent about what is going on.
Within the past several days we've been in touch with easily over a dozen firms and attorneys in addition to the counsel we had on board and we're confident with whom we've chosen to analyze our structure, business model, and overall strategy. Again we should have official updates for everyone mid-week next week and look forward to moving forward with you all. Again, thank you for your continued support.
As always, if you have any questions, concerns, or comments, please feel free to contact us via Email, Telegram, Reddit, or Bitcointalk!
Thanks for the update and please keep us posted.