Read on Twitter
Part II of Gnosis thread ($GNO) thread -- continued from here: https://twitter.com/jdorman81/status/1303417453662199808
24/ @davidiach Gnosis borrowed $12.5mm to build a prediction market, which has finally come to market 3+ years later. Trading ICO's, making VC investments, & yield farming are well outside industry best practices & not what token holders expect. https://twitter.com/davidiach/status/1301567162608488448
25/ No different than a stock buyback @harrycanuck. If Gnosis believes that they can produce a strong token model they should be thrilled to tender at NAV. This also signals to the community that they plan to create real value flow for token holders. https://twitter.com/harrycanuck/status/1301576864620621824
26/ When two “huge supporters” have lost faith because of slow progress and lack of communication, it means that it is time to address this and improve. https://twitter.com/Gargant34260060/status/1301735671279710209
27/ Gnosis' own COO even acknowledged that we are right (before it was deleted).
28/ Yes @nic__carter there is a case. Our goal is to extract value and move the ecosystem forward. Hopefully, it won't come to litigation. https://twitter.com/nic__carter/status/1301694045450833923?s=20
29/ @Melt_Dem It may be standard now, but delivering a token & a minimum viable network should not be the standard in the future. We all need to hold each other accountable (plus they did not deliver what was laid out in the whitepaper anyway). https://twitter.com/Melt_Dem/status/1301699679994945536?s=20
30/ Agreed @SamFeinberg_ Investors did not know how this worked at the time. While Gnosis' hopes of "decentralized ownership" failed as a result, they have had 3+ years to address and fix this, but have to date chosen not to. Time for a solution. https://twitter.com/SamFeinberg_/status/1301771132874309632?s=20
31/ We disagree with your approach @carlosdomingo. As someone trying to push the envelope on token structures yourself, you know that there is no precedent here. We should push the industry forward together. https://twitter.com/carlosdomingo/status/1301601905739784192?s=20
32/ Thank you @MichaelNov_KV -- our goal is progress https://twitter.com/MichaelNov_KV/status/1301618933598957569?s=20
33/ Thank you @mikealfred. Our goal is not only to be the best investors but to lead by example. We believe transparency, operational excellence, and fiduciary responsibility are critical to the success of any company in this space. https://twitter.com/mikealfred/status/1301692886379950080
34/ @arjunblj thank you for highlighting this, but we don't believe this is "protocol politics". This is a centralized company that owes investors money, or needs to deliver value. We will fight for what is owed to us. https://twitter.com/arjunblj/status/1301942012803907584?s=20
35/ No thx @connorking_
Goal is to hold companies accountable. Projects should have a fiduciary responsibility to token holders, or they should not have a token. Opportunistic investors help move asset classes forward - we're stewards of advancement. https://twitter.com/connorking_/status/1301955759245332480
Goal is to hold companies accountable. Projects should have a fiduciary responsibility to token holders, or they should not have a token. Opportunistic investors help move asset classes forward - we're stewards of advancement. https://twitter.com/connorking_/status/1301955759245332480
36/ In closing -- we hope @gnosisPM and @koeppelmann will finally address these long-awaited, unaddressed issues. We thank, and encourage $GNO token holders for your thoughts and opinions, and we encourage you to keep the pressure on Gnosis until promises turn to action.
37/ Gnosis’ ETH balance sheet can be tracked here, and they have an additional $10mm in USD from selling ETH (subject to continuously large monthly cash burns).
GNO multisig two wallet: https://etherscan.io/address/0x851b7f3ab81bd8df354f0d7640efcd7288553419#internaltx
GNO multisig three wallet: https://etherscan.io/address/0xce52a8dd7c8ad08e94b44620622e3630f7c1fc90
GNO multisig two wallet: https://etherscan.io/address/0x851b7f3ab81bd8df354f0d7640efcd7288553419#internaltx
GNO multisig three wallet: https://etherscan.io/address/0xce52a8dd7c8ad08e94b44620622e3630f7c1fc90
38/ Gnosis gave one update (at a Messari conference AFTER we engaged them). @Gnosis - it is time for you to create a plan about how best to capture value through your token. This plan needs to be public for all token holders to provide input.
https://messari.io/article/gnosis-project-update-mainnet-2020
https://messari.io/article/gnosis-project-update-mainnet-2020
39/ $GNO Token holders -- Our DMs are open if you’d like to discuss further.
Your token is worth ~2x (under our plan), and worth even more if it traded at NAV or above. Demand that @gnosisPM treat you with respect.
Your token is worth ~2x (under our plan), and worth even more if it traded at NAV or above. Demand that @gnosisPM treat you with respect.
