Because it's a second IPO before the launch to collect even more money. The stakes should be divided equally among the current stakeholders.
Why you so worring about money?
I as a stakeholder am entitled worry, especially after the leadership has proven to be not honest. If this whole project is a money making scheme for just 8 people, lets say it straight.
Instead of spreading FUD you could just ask a straight question and wait until it is answered. You are not asking questions your are claiming the acution is a second IPO (which is funny cuz there was no first) and it's prupose is to gain more money.
The auction is to spread NEM even further.
Who do you think should have controll over the fund if not the core team ?
You can still request a refund if your not okay with how things are going.
Pat, as i already stated earlier in the unmoderated thread - i believe the FUD is spread by a one individual only, and he's using multiple accounts ( of which I believe are active here) spreading the same thing.
A few individuals in their posts stress the same arguments CfA did, using the same grammatical/spelling errors as him. It's not hard to point these users out.
I think it's important people don't think of this troll/fud spreading is as bad as it looks (After all, this is precisely what CfA is trying to achieve). It's all at worst, done by one or two users. CfA is a proven relentless troll and it wouldn't surprise me one bit if it's all his handiwork.
Regardless what happens, or how intense this troll gets - I believe it's important to press on. as time goes by, there will be less and less ammunition for them to work with. Ultimately, in the end, those who sell based on such hollow arguments were never in NEM for the right reasons in the first place.