DAG just announced they raised a round of capital today from Moonrock. This will dilute their current investors. They wont say how much they raised or how much this will dilute current token holders.
Instead they used a PnD team to pump their razor thin books to make it look like its mooning. This is the first time in the history of the financial world that a company announces its diluting current holders and the price moons. The best part, the idiotic community didnt ask how much was invested, how much they will be diluted, or why they needed to raise capital after taking on $33M just 18 months ago. Where did all the money go.
>PROTIP They day traded all their investment capital away and covered it up.
Why isnt the community in an uproar over this capital raise? The team told them they had 3 years of runway a few weeks ago. The team said the departure of their entire staff wasnt due to financial issues. The TG of the company is flooded with memes to prevent meaningful discussion.
funniest thing is that Moonrock is literally run by a few twitter shills lmao how hilarious is that?
Joseph Kelly
This will end up being the biggest scam story since BitConnect. Not a single investor asks a single intelligent question. How in the fuck do you get lied to about their financial position, watch them take on new investment a day later, dont ask how much or why, get diluted and dont know how much you will lose.......and then scream we are going to the moon.
Oh My Fucking God this has to be a joke
Robert Watson
So does this prove they have been lying the whole time? They did say publicly they had several years of runway and they did refuse to discuss losing millions day trading. They even said all those employees didn't leave for financial reasons. It's looking like the whole thing was a lie
Luis Foster
Yes this proves they were lying to their investors and the community. The community could have easily figured this out by asking questions but questions like this are banned as FUD. I just don't know who falls for a scam like this in 2019
Isaac Baker
FUD ended up being right. Only on biz does the truth come out occasionally
Mason Price
Pennygang and Satsgang both notorious PnD teams are now in full control of DAG telegram channels. I want no part of this. It went from a respectable project with some potential to a bunch of lies and half truths pumped by criminals. Everything is artificial including communications and announcements. Starting to hate DAG
Gavin Lee
Definitely not the biggest scam since BitConnect. These ICO scams are a dime a dozen and this shitcoin has dumped since day one of trading. To say this will be as big a scam as Bitconnect is implying it will ever reach the notoriety of Bitconnect which is impossible unless it also hits a billion dollar market cap, which is basically never going to happen
Zachary Reed
I agree it will never hit a respectable marketcap because its 2019 and people arent as stupid as they used to be. Plus the PnD crew is temporary once they leave it will crash. But these pieces of shit are US based, doing this in the name of the USAF. When the USAF finds out they are using a tiny SBIR grant as the catalyst of a crypto PnD scheme they will have to publicly distance themselves which will collapse the whole house of cards. Believe me if the USAF had any idea what they were doing in their TG and in online communities they would have already done so.
Josiah Rivera
lol i hate that fucking cunt lucky or whatever is his name, fucking piece of shit i seriously hope that motherfucker dies