The investor of the blockchain project Telegram was offered a return of 21% of funds instead of 72%
The investment company Aton, which provided services for the purchase of Telegram Open Network (TON) tokens, after the project was closed, offered its clients a return of 21% of funds instead of the 72% declared by Pavel Durov, writes Forbes.
Aton predicted that by 2028 the cost of one Gram could reach $ 15-30, while the price in the second round was $ 1.33. The same price was announced for investors. The company offered to invest not in the token itself, but in the shares of its New Technology Fund, which eventually managed to raise $ 22 million. The fund’s share value was $ 1,000, the minimum investment was $ 100,000.
One of the investors said that the company had deviated from the conditions announced by Telegram and offered a return of $ 0.28 per Gram. This corresponds to 72% of the value of the tokens sold in the first round at $ 0.38 per unit.
“I didn’t get a clear explanation from the manager: they offered either now 21%, or in a year a little more than 30% of the amount. The negotiation process has not yet yielded results, I have not received an explanation that suits me either, “the investor said..
Aton said that their clients have invested in other instruments, namely the fund units traded on the Euroclear platform. “When buying this security, clients assume market risk in the form of changes in the value of the security. Securities quotations may differ significantly from the purchase price, “the company said..
At the current stage, New Technology Fundy does not redeem the shares, and for their purchase or sale the company offers to use the market, where the offer may differ significantly from the nominal value. According to the fund’s memorandum, investors cannot sell shares for two years, but can present them for redemption within three months after the end of this period..
Investors who have worked with other companies have already begun to receive refunds in full accordance with the conditions stated by Telegram, Forbes adds..
The organizers of the financial pyramid, promising to invest clients’ funds in bitcoin, arrested in South Korea Several residents of the South Korean province…
Telegram Cites US Court Case Against SEC Telegram Appeals To Recent US Court Decision To Prove…
TechCrunch: Telegram Public Sale Starts July 10 Source: Telegram is not related to the sale of Gram tokens on the Liquid Tokens exchange…