Thank you for this post please could you clarify something, if the buybacks are not permanent, when will they stop?
What will happen to ZAPPL that is not bought back?
At the beginning of the post you mention 40% of site earnings and then further down it is 49%, could you clarify which it is? (It would be very helpful to get these details consistent.)
Your legal counsel after the ZAPPL.IO crowdfunding has understandably shown concern for your use of the phrase "shares in ZAPPL.IO" and naturally has advised you to manage perception towards the idea that it was a loan. I can say with certainty, I purchase ZAPPL based on my understanding that I was buying a part of a share in the profits of ZAPPL.IO, the decentralised version of Twitter, that would be launched on the Steem blockchain.
For me, the most important question now is when the buybacks will end and what will happen to ZAPPL after they do. The difference in the perception of value of ZAPPL if convertible to ZAPPL.INC shares is potentially huge and given that ZAPPL is trading on the DEX in a free market, could have a massive impact on the price of ZAPPL and the cost of buying back the asset.
Just to clarify, my questions are;
How long are the buybacks going on for?
What happens to ZAPPL not bought once the buybacks end?
Approximately when will you know if ZAPPL DEX asset will be convertible to ZAPPL.INC shares?
Thank you.
RE: Statement to Zappl dex coin holders