In 2016, I received communications from Mycelium. They were having a promotion - looking for investors:
"Whereas, in order to finance further development of the Mycelium Wallet Project managed by Mycelium SIA (“SIA”), a Latvian limited liability company, having its registered office at Rigasgatve 8, Adazi, Adazu novads, LV2164, Riga, Latvia, Mycelium Holding Ltd. conducts the saleof Mycelium Tokens (“Tokens”), which grant its holder a right to participate in the increase ofthe Mycelium Wallet Value and become a stakeholder of Mycelium Wallet.Whereas, on the Sale Event site term “Mycelium” refers to the Mycelium Wallet Project alone.All money raised through Sale Event will be exclusively used for development and marketingpurposes of Mycelium Wallet Project and related products and activities.Whereas, the Sale Event starts on May 1 st , 2016, 23.59 PST and ends on May 18 th 2016, 23.59PST. Whereas, the Participant is a valuable Participant of Mycelium, identifiable by his/her emailaddress and able to prove his ownership of Mycelium Tokens by sending Mycelium Tokensover the blockchain, and Mycelium considers it desirable and in its best interest that theParticipant be given an added incentive to advance the interests of Mycelium. "
1. G rant of Stock appreciation rights (SARs). Mycelium offers SARs to SIA stock through SaleEvent by way of sale of Tokens. A total number of Tokens sold will be equal to SARs for 5% oftotal stock of SIA. After the closing of Sale Event for the SARs conducted by Mycelium,Participant will be assigned SARs based on the number of Tokens purchased.
2. T erm of SARs. After the Sale Event’s closing Participant will have perpetual SARs with noexpiration date. SARs would not be diluted by any subsequent grants of SARs or options andTokens will represent the same number of SARs as determined after Sale Event’s closing.
3. T oken repurchase. In the event of SIA’s IPO Mycelium shall have a right to repurchaseParticipant’s Tokens and corresponding SARs at Tokens’ Nominal Value equal to the Tokens’purchase price during Sale Event in the USD based on BTC to USD BitcoinAverage exchangerate at the time of the Sale Event closing. When SIA decides to start paying dividends,Participant will have a right to sell Tokens to Mycelium for the Nominal Value or convert theTokens into class B nonvotingpreference shares of Mycelium SIA.
4. SARs Triggering Events . Participants SARs shall be triggered in the event of:a) sale of shares of SIA by Mycelium Holding Ltd . ;b) IPO and issuance of new SIA’s shares;c) SIA’s capital increase;d) sale, merger, or acquisition of the entire SIA company.
5. Exercise . After any Triggering Event, described in paragraph 4 of this Agreement, occurs,SARs shall be exercised automatically and Participant will receive an amount corresponding tothe SARs, assigned based on Participant’s Tokens, directly to Participant’s bitcoin account. Anypayment due to Participant shall be in bitcoins. No FIAT currency payments shall be madeunder this Agreement. It is Participant’s duty to keep the information related to Tokensownership as well as preferred bitcoin account, and email address, that Mycelium has on file,valid and updated. Participant must report any changes in Tokens ownership or bitcoin accountto Mycelium immediately.
I decided to give it a try and signed a 3 page contract (There's more than what I have posted here) - I never heard anything more. I am wondering if I may have $$ someplace and now do not know where to find it! OR was I scammed?
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