Correct - the packs still hold some % of the value I was purchasing.

While I would potentially consider compensation to those in the 500k for the increased liquidity vs what was promised in rewards cards...

The MUCH better, and hard to argue against solution is:

DAO uses that SPS in the fund to purchase promo cards in the secondary market. Then do whatever the DAO wants with those cards...

To anyone that repeats "10% dilution is acceptable":

1. It's really more like 12.5% dilution all told.
2. Go with 10% - anyone making this statement can send me 9.9% of everything in their wallet..after all 10% dilution is "acceptable".