Overall, I am convinced that B&C is the technical next step in Nu development.
However, I am not comfortable at all with the reserve price: 0.2 cents per nsr.
For the same reason alluded to by @crypto_coiner below:
To which extent does this motion adequately reward early investors in Nu back in Sep’14
more than those late stage investors thru this round?
Even if this is a reserve price, there is no guarantee that the avg purchase price would be much higher than 0.2 cents per share overall.
That would mean that new shareholders would be able to buy nushares almost at the same price as early shareholders that bought back in Sep-Oct-Nov 2014 at the first round (0.18 cents). I am not even talking about other additional early shareholders that bought shares at higher levels like 0.3~0.6 over Nov-Dec-Jan.
Moreover, I do not feel that the background check that would be performed by Jordan Lee. (see https://bitcointalk.org/index.php?topic=1033773.msg11161479#msg11161479 ) would be as strict as what early shareholders underwent last year.
Therefore, there are some good chances that a non negligible number of new shareholders would be able to acquire plenty of NuShares under the same price conditions as early shareholders (such as me) with less background check although Nu has accomplished a lot of work in between with a lot of risks taken already by early shareholders.
It is much easier (less riskier) to invest in Nu now than 6 months ago. Nevertheless it is not reflected clearly in the reserve price.
Therefore, I would like to request a significant increase of the reserve price (such as 100%) before considering voting for the potential subsequent motion.
I am fine with the other elements.
Thank you for reading!