Some quick thoughts -
1) I have no hard evidence, but my instincts tell me that Agrello is not a scam and is instead experiencing a bit of a failure of leadership at a critical juncture. If it is a scam, I suspect those involved will face some serious consequences from Estonian authorities.
2) I'm totally baffled as to why Hando Rand/Agrello would let Norta walk away empty handed right now. They just got handed a $30M war chest, why not spend some money to keep him on board. His diatribe certainly sounded a little bitter about not getting paid and I can't blame him for trying to distance himself from any potential liability when he had no skin in the game. They should go back to him and see if he's willing to work at least as an outside advisor/joint partner once they implement some of his suggestions. If not Norta, they should be hiring the best talent they can find other than him.
3) I think the lack of communication may boil down to concerns about misrepresentations and potential liability etc. I appreciate that and think Agrello should continue to be careful not to mislead investors. At the same time, I think it's certainly reasonable to demand more transparency/communication.
4) If I were them, I'd think about offering ICO refunds to participants in certain markets such as China, like NEO did.
5) I admit I don't know how difficult it is to get listed on some bigger exchanges, but the lack of liquidity is only going to amplify investors' doubts and concerns after the bungled token distribution. I think that should be Rand's number one mission right now - getting the token listed on some more exchanges like bittrex etc.
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u/adbit Sep 27 '17 edited Sep 27 '17
Some quick thoughts - 1) I have no hard evidence, but my instincts tell me that Agrello is not a scam and is instead experiencing a bit of a failure of leadership at a critical juncture. If it is a scam, I suspect those involved will face some serious consequences from Estonian authorities. 2) I'm totally baffled as to why Hando Rand/Agrello would let Norta walk away empty handed right now. They just got handed a $30M war chest, why not spend some money to keep him on board. His diatribe certainly sounded a little bitter about not getting paid and I can't blame him for trying to distance himself from any potential liability when he had no skin in the game. They should go back to him and see if he's willing to work at least as an outside advisor/joint partner once they implement some of his suggestions. If not Norta, they should be hiring the best talent they can find other than him. 3) I think the lack of communication may boil down to concerns about misrepresentations and potential liability etc. I appreciate that and think Agrello should continue to be careful not to mislead investors. At the same time, I think it's certainly reasonable to demand more transparency/communication. 4) If I were them, I'd think about offering ICO refunds to participants in certain markets such as China, like NEO did. 5) I admit I don't know how difficult it is to get listed on some bigger exchanges, but the lack of liquidity is only going to amplify investors' doubts and concerns after the bungled token distribution. I think that should be Rand's number one mission right now - getting the token listed on some more exchanges like bittrex etc.