The royalty token yielded 1 SPI per month to holders, nothing to do with buybacks from what I can remember. Buying back tokens has never been an issue for SPI.
Releasing a new fund would not increase the fund value of SPI and I'd end up running 2 funds exactly the same. My suggestion would be to keep SPI as it is and release more like a SPIL (SPI lite) token that is pegged to 1/5th of SPI tokens. It would be like EDSM (10 hive) and EDSMM(1 hive), both are the same token just at different prices.
It would be fairly easy to do, the main problem I have when I think about it is, it's a 1 way decision.
OK - I remember HODLing the royalty token and remembering that sell backs were locked in for a certain amount of time - but we're both going off memory here so who knows what really was.
I'm still concerned about the buybacks - I remember being in discord for a few conversations where I would read comments like: "I hope no one tries to sell back anytime soon." We knew the money was there if anyone wanted to buy back - but we didn't want to undue some of the buys we had just made.
At the end of the day though, more money to play with is more money for us to grow rich with... slowly, as a group. It also gives the administrators the same amount of percentage in payment, but since its more money it pays them more, which keeps them likely to keep doing the work for relatively cheap.
Concerned about buybacks or not, I'm ready to buy more SPI, OG or light.