Jun. 26 at 4:09 AM
$FGMC As an early crowdfunding investor, I feel let down by how this merger treated the people who believed in BOXABL from the beginning.
I understand that a 1:1 conversion was never guaranteed, and I recognize the need for an exchange ratio in a business combination. However, many early investors ended up with public shares representing less value than their original investment based on the merger terms.
What is even more frustrating is the one-year lock-up, followed by the release of only 20% of eligible shares per month through Continental. While legacy investors remain restricted, the public float can move freely. If the stock experiences a significant rally after listing, many of the investors who took the greatest risk may be unable to participate before additional shares become transferable.
I genuinely hope BOXABL succeeds, but I also believe early supporters deserved a better outcome. We took the biggest risk when the future of the company was far from certain.
