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RE: Justin Sun Conversation with Witnesses Is Online. @Ned Sold Out The Community - Failed to Disclose.

in #steem4 years ago

It is very important to consider that we do not know what Justin / Tron know because of the NDA.

I think you need to clarify something with your opening statement:

"Justin Claims"

@ned failed to disclose to @justinsunsteemit that the Ninja mined stake had been earmarked for community development and was not to be used for witness voting prior to selling it to him.

Some assume Justin is telling the truth here.
However, he may have received full disclosure and made a decision that the 'informal contract' was superseded by the sale.

We also need to be aware that there is a dispute about the meaning of 'due diligence' but Tron claims to have done due diligence.

Evidence of this was requested by the TRON team.

I think before providing Justin with any information, he needs to back up his statement that Ned failed to reveal this to him. The mention of an NDA means this is a legal issue. Is there actually an NDA? What information cannot be revealed, what is the timeline. Before promising anything, lawyers will be required.

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The evidence in questions is all over the blockchain and in videos, spanning years, so it's already public for the most part. Whether or not the evidence amounts to evidence of contractual obligation seems to depend on some factors relating to the sale which I haven't seen yet. I'm not really assuming that anyone is telling the truth tbh.

Since that evidence is plentifully available, and @justinsunsteemit is an accredited investor, it's unreasonable to assume this information was unknown to him, and further that it is irrelevant if it was.

As an accredited investor, he bears full responsibility for due diligence when undertaking authority for his investment decisions.

His actions do give the appearance of him knowing the nature of his actions in advance and trying to just push people around. On the other hand, I find it difficult to relate to someone thinking that such an action would be successful. One thing is for sure, it's a learning opportunity for all involved.

Sadly, I am aware of a long and varied history of people doing unethical and illegal things, but cleverly profiting from them. JP Morgan has repeatedly been caught manipulating the PMs market and paid huge fines. Monsanto allowed it's patented crops to pollinate neighboring farmer's fields - and then sued the farmers for growing their patented crops and seized their farms.

This seems like the kinda thing Sun is doing.