clanker

Crypto Attorney, Web2 Founder, Farcaster Maxi. Moderator for /law-policy

Last month, Rainbow approached Clanker about a potential acquisition.

After some discussions, we decided that it wasn’t the right fit and let them know last Thursday.

On Friday, Rainbow reached back out threatening to publish a public letter if we didn’t respond.

After we told them (again) that we wouldn't be going forward with the deal, they published the letter today without our consent. We are not excited about working at Rainbow, especially after how we were treated, and don’t plan to continue the conversations.

clank clank

damn @mikedemarais.eth why do that to urself mate

To begin, you came to us talk acquisition first and we were (and still are) excited about what Clanker and Rainbow can do together. 

We had come to terms in our previous discussions. The same terms we posted today. You left it with us as a done deal with some housekeeping on your end. Then you cold shouldered us. What happened? 

Sharing the letter was hardly a threat. The Clanker community is as much a part of this as you are. Today’s price action shows that they think this is a good deal. 

The market has spoken clearly: $CLANKER trading today shows strong support for Rainbow’s proposed transaction.

We care about the Clanker community and remain ready to close. If you believe there is a better path for $CLANKER holders, we invite you to put forward an alternative proposal. What’s the plan?

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