I went through the verification process completely and was informed that from Dec 16 - Jan 16 the ICO was open to a "select group" of investors only (I did not make that cut), and Jan 16 - Feb 16 it will open to all verified accredited investors. I was expecting to be given some type of information like a prospectus or an info packet or something, but so far I have been sent nothing. Hopefully they will provide some details before Jan 16. I don't know if I would invest anyway, but I certainly won't be throwing money into a black box.
Thanks for the feedback! Good to hear from someone who got verified.
This is a really tough one for me. On the one hand, I can see scenarios where OSTK goes to $200,$300,$500.. who f'ing knows. You look at some of the other currencies with valuations in the 10s of billions and yet tzero is probably better capitalized, is in a large "niche" market and has been at it for similar time frames. There is also the investments from some big players.
On the other hand.. the lack of disclosure bugs me. The fact that disclosure is happening via conference calls bothers me. The fact that Byrne thows out a valuation of $5B for tzero and then later $10B, not a fan. The warrants to soros, like $2 for warrants on a $40 stock that has just tripled? Way too cheap in my opinion. The fact that the existing business has been at best mediocre is a concern.
Honestly the only reason I am even thinking about this is it might be a bit safer way to play the crypto space and I do see a disconnect between their valuation and other crypto's.