I think the loophole is going to be that I didn't buy the tokens. But if that's the excuse, it means apparently some tokens are more equal than others.
I'm just speculating here, and would love to hear the real reason.
The claims are contradicting each other, if 600 Bitcoin was given back to token holders, a large share if the ico revenue was kept, and the remaining tokens are close to worthless, someone must have lost a lot of money!
He can use loopholes all he likes, he clearly stated all token holders can ask about the state of the funds related to the ICO regardless if they were purchased or not. You have a right to ask him any question as much as anybody else and since you were there since the ICO days you have a right to know should you wish. In this case all BKB token holders are entitled by his own statements to know anything they like as he claims to have shared expenditure information with all token BKB holders though it would not apply to BKT token holders.
Why on earth would he use 600 BTC of the bankroll funds to buy-back BKB tokens? That was a pathetic management decision and I would like to know how many of those BKB were his personal tokens because what cannot be discounted from the options is that he took that step to line his own pockets. I would not put it past him by looking at his history.
And since that step was taken completely out of line with the ICO promises, why did he do it instead of using the other option which was to use the other 50% of ICO funds for "other" things? Why choose the bankroll to funds buy-backs instead of the 50% that was to be used for "marketing, promotions, SEO, design, development, server costs and legal"? Why choose one of the other in that order when there was no need to do anything except let business hopefully pick up and see profits increase? Why choose to decrease the bankroll to a fraction of that 50% that it should be when the site would collapse without a bankroll?
in previous posts he mentioned he bought back between 70% and 90% of BKB tokens but just yesterday he mentioned for the first time he used 600 BTC of the bankroll to do it. That is either pure mismanagement and incompetence on his part or it is possibly a calculated step in order to sell off his own BKB tokens in the process to line his own pockets.
Personally I would cite that he is a compulsive liar and a highly immature person judging by the tantrums he throws BUT there is no doubt about it in my mind he certainly made a lot of money off the back of the 2017 ICO and at least from some of the 50% that was supposed to be used for "marketing, promotions, SEO, design, development, server costs and legal". Add to that the temptation for a greedy individual such as him to see that massive bankroll and not be tempted to take some? I would not put it past him.
So why are the current BKT tokens and the previous BKB tokens almost worthless? Where have the ICO funds gone?
You as a token holder from the ICO days have a right to ask him. Please do and tell us the answers he gives you.
