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Except they didn't want to sell to Russia or Europe. They ALREADY sold to institutional investors in the US and wanted more. But they were attempting to not b
by tw04 7y ago
Except they didn't want to sell to Russia or Europe. They ALREADY sold to institutional investors in the US and wanted more. But they were attempting to not be subject to the SEC. Not gonna happen.
https://www.reuters.com/article/legal-us-otc-telegram-idUSKBN21C3N0 https://www.reuters.com/article/legal-us-otc-telegram-idUSKB...
- ricardobeat 7y ago> The developers spent $405 million, according to Judge Castel, to develop the new open-source blockchain O.o
- davidgerard 6y agoThat's not quite right - they did say in the original offering that they would be spending investors' money on Telegram Messenger's daily operations. The judge's words are: > Telegram subsequently report ed that, from January 2018 to January 2020, it spent $405 million, about 24% of the proceeds from the offering of Grams, on the development of the TON Blockchain and the operations of Messenger. https://www.courtlistener.com/recap/gov.uscourts.nysd.524448/gov.uscourts.nysd.524448.227.0.pdf https://www.courtlistener.com/recap/gov.uscourts.nysd.524448...