I was wrong about Monkey Capital

It is too early to call it but the way these guys have handled the situation so far has been pathetic.

  • First, they called out Pre-ICO sale in the hush hush.
  • Second, they went into limbo with no communication open whatsoever.
  • Third, they made their slack channel private.
  • Their medium was active on almost daily basis until July 31st and then went out...

and NOW This!

Their MNY hit the market for .003 cents. That means, if you bought CoEval in the hopes of landing 10,000 MNYs during ICO, well, you will still get 10000 MNYs but they will be worth $30. Note that CoEval traded over $1000 in some instances. That means, some individuals are looking at a BIG, $970 BIG, disappointment.

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All is not lost though.

Even if MNYs pick to 10 cents each, those who bought CoEvals for $1000 will hit breakeven and those who got it for $150 will be thrilled.

Their ICO is still scheduled for 8th August and we have to see what transpires between now, during and after the ICO. For such promises and professionalism demonstreated until July 30th, the events in the past week have been dismal at best!

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