MEI Pharma Announces Private Placement for $100 Million Litecoin Treasury Strategy
Well, this isn’t really news anymore and has been talked about on several ltc videos.
But what I only just now realized is that Charlie Lee is on the Board of Directors.
I’m not sure I like that!
Charlie sold his ltc in 2017 to not have a conflict of interest - and probably to avoid any regulatory issues for ltc.
Him now sitting on the board of a company('s treasury) isn’t quite what I’d would like for a decentralized project. Even if the goals might align for litecoin (foundation) and the treasury in principle, wasn’t that the case for “Charlie’s bag” and Litecoin as well in 2017?
As I respected Charlie for his move in 2017 - instead of bashing him or even spreading nonsense about him (like leaving the project etc.), I’m a bit surprised about this move.
Consulting, supporting etc. (as he has probably done so with many other companies and projects over the years, mostly “unseen”)? Yes, definitely, why not.
But sitting on the board of directors?..
I’m not really assuming Charlie will change course, but if he was worried in 2017 why isn’t he now? Because ltc has been “declared” a commodity already and there’s nothing to worry about from regulators anymore? Or was it not so much avoiding any future regulatory issues than his “moral code” about “pumping his own bag” for the decision back then? I always assumed it was both.
Not sure if I was able to get my point across well enough to make sense for people… 