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RE: LBI Under New Management

in #lbi4 months ago

Those are excluded from all calculations at this point. Options are to burn them, do a token swap for equivalent value, or sell them. I'll never dilute existing holders by giving them away below asset value.

If they get sold, they will be sold for a fair price that does not dilute anyone.

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Okay thanks! My vote is burn them.

I think that will be a lot of peoples preferred option, and it's probably mine as well. I just don't think there is $5K worth of funds around that would absorb those tokens at the asset backed value.

Once things settle down I'll run a vote on what to do with them.

Probably not based on current performance. If things turn around though, there could be demand. One day maybe.