This is accurate, all of the ether that bancor owns it can do whatever it wants with - the investors get nothing except a centralized token (BNT) that Bancor ca

This is accurate, all of the ether that bancor owns it can do whatever it wants with - the investors get nothing except a centralized token (BNT) that Bancor can control completely (create, delete, etc, see https://medium.com/unchained-reports/bancor-unchained-all-your-token-are-belong-to-us-d6bb00871e86 https://medium.com/unchained-reports/bancor-unchained-all-yo... ), the investors do not get equity or insurance or any other similar guarantees.