in merge negotiation that would do favor of agix? No offence but lt looks like the negotiation is guided by fet and everything is decided by fet and we can just discuss about ideas submitted by fet.
The problem is that CEO Dr. Ben Goertzel is not interested in the financial part and profitability of AGIX, but only in the technological aspect.
This exactly. After the merge is rejected, please hire an expert at negotiating... FET is desperate for this deal and will renegotiate.
We do - you all just seem to know better than those experts ;)
We do, a number of them - but some non-experts here feel they know better - which entirely ok - that’s why there is a vote, and an open floor for debate
Then the focus on transient marketcap differentials is baffling
and yet was still chosen - as if for reasons apparent to those involved
When I did a merger between two stock listed companies recently we used the average stock price 120 days back. Just to avoid short term manipulation of price. I haven’t been involved in your process but let me tell you this…average price 15 days back is NOT a standard by any means.
Project with higher mcap was the party suggesting the deal as well 👀
The msg came out suddenly like the deal is decided by a few ones. And the result looks bad. It's a little late for us to discuss. We don't know what can be changed now. Seems we only have one choice of yes or no. That's no choice. If no, it will do harm to all coins in short term. If yes. We are lock to 0.433 of fet. How is that ratio be calculated.
Rockstar comment
If that’s true, congratulations on the successful merger 👍🏻 I’m sure I could go find mergers that don’t match that single example - but it’s still interesting
I would never fantasize such a story 😅. Anyway, your deal is negotiated and done. Let’s make the best of the situation.
Let's assume you would get a higher ratio over 18 months but what happens if other holders of projects automatically come out with -$ value because of this it is only feasible as it is now otherwise voted with no which would possibly lead to all 3 projects suffering long-term damage.
Again, SNET does not need FET to succeed.
Listen, the deal is already negotiated. I wasn’t there but if I was on agix side I would have fought to make market cap comparison way longer back. But this is theoretical now. The deal is negotiated.
I don’t disbelieve you for the record - but there are a lot of people stating very emphatically that “this is how a thing should be done” and we both know one cases circumstances in no real way necessarily has any bearing on another On a personal level, I’m extremely excited for what is happening, and have been an agix holder since 2017 when I joined the community as a vocal nuisance - not a fetch holder - and I do hold some ocean. While also lucky enough to closely involved in the goings on this week I have always felt myself to be community first, as I know does Peter - and I believe most on our ecosystem chats know that I fully support you in your right to counter argue for the merger - but I do urge you to also take a step back from the minutia (not to dismiss its importance) watch, read, listen and think, as things are released up to and during the vote - and make a carefully informed decision based on more than initial reaction and the loudest shouters in the room If the no vote does then win, that’s cool too - it’ll be worst for all of us, and potentially humanity - but hey, at least we honoured our vote 🤷♂️ And either way snet pushes on towards singularity - just in a less optimal way
No matter how you spin it, it's the fairest deal because the $ value is the deciding factor in the end so no matter which method you choose it would result in a loss for a project
My view is that now there is a deal on the table and we do the best we can from this point on and forward. Looking forward to more info before the vote.
False. Temprorary mcap differences in a hypervolatile market are not a sound basis for determining ratios in a merger. And yet here they were the only basis.
Do we have any difficulties in marketing, funding, or anything to make us sacrifice much and agree with such deal? You may say no but why make important decision in a rush?
That’s a good point and thanks for bringing this hope. Hopefully the team and Ben can look into this @peter_ce
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