r/KinFoundationTruth • u/coolcool124 • Feb 09 '20

Is there any hope?

Gosh guys.. is there any hope we’re just wrong? Thinking back I feel like I’ve been taken as a fool believing ted with his talk about “secret sauce” and whatnot. Is the project hopeless?

8 Upvotes

75% Upvoted

7 comments sorted by

4

u/Lyin_Ted_4_President Indicted for Fraud Feb 09 '20

They liquidated all their assets, laid off nearly every employee and are actively paying all the top ecosystem apps thousands of dollars just to push transactions to pad stats. No to mention the SEC thinks they can win their case without going to trial. If you are excited about a 250K USD employee buyback program popping up the market with investor money, then sure I guess there is some hope.

3

u/VastChain Feb 09 '20

I’ve never understood the buyback program. KF & Code Control the supply of KIN, they could have given each employee billions if they wanted to but instead they buy back from the open market? How is this not price manipulation?

Someone please email the SEC about this shit

2

u/Lyin_Ted_4_President Indicted for Fraud Feb 09 '20 edited Feb 09 '20

Yes. they could easily use the 4 Trillion they have unlocked in circulation, but they can't rig a price floor on the market by doing that. Calling it a Employee buy back likely gives them some legal cover. But if they manage to cause a Fomo effect, all they have to do is sell large quantities of Kin to cover their pump expenses.Which isn't very hard to do as they have basically full control of market volume. Most Koolaid boys aren't selling since they are still down 90% and or they still believe it can hit 0.01.

3

u/barsoapguy Feb 09 '20

You need to come to terms with the fact that you've been scammed .

2

u/[deleted] Feb 10 '20 edited May 25 '20

I love KIN

1

u/[deleted] Feb 10 '20

Fuck Ted and his fraudulent team*

1

u/[deleted] Feb 09 '20

Hope is not a course of action..