One of the main criticisms of buyback proposals is that we are not allowed to do them until assets are in the DAO because the association can’t pre announce / vote on buybacks.
The problem is moving assets to the DAO is said to cost like $40M in taxes (likely wrong but just using this number for now)
Instead of nuking it on taxes, why doesn’t the association just buyback $40M without announcing it as it has done so in the past? In the transparency reports we sent $12.5M to “Woorton” to do buybacks and they were announced after. Why isn’t the association simply doing this again?
This would:
- Bring ANT to fair value, likely book value capital sells
- Do the buybacks pre-tax so ANT isn’t double taxed (likely first thing to happen with the funds once they hit the dao is buyback)
- Allow things to slow down without pressure as this is the main reason the AA/DAO has created a hostage situation w the holders
- good vibes and joy to all
Additionally, can we get transparency on if the AA, or any associated party, is in engagement with any market makers or publicly unknown market operations right now?
