raise funds for regaining and supporting the peg funds for regaining and supporting the peg … Can’t talk for the liquidity team, but the funds will gradually be used to buyback
That’s very nice but it should surprise no one that there is a significant trust and transparency deficit when it comes to the “liquidity team”.
I would suggest that if said team is proposing to make a very significant issuance (dilution) of NSR in exchange for payment that represents a very significant portion of the entire market cap, that a more detailed accounting be made of the proceeds, where it will be held, what processes will be put in place to control its custody and disbursement and so forth.
It saddens me that you feel there has been deception. I agree that the situation has been far from ideal but we now have an opportunity to put that right
‘Putting it right’ means more than yet more secrecy and non-transparency. Please incorporate significant process and governance improvements in this proposal not only in light of the perceived or actual past deception but to better ensure and demonstrate not only that such deception does not and will not continue, but that the affairs are placed above suspicion of deception.
With that said, I do support the concept being proposed.