PEERPLAYS imo is ripping off the 2nd crowdfund

Peerplays is not charging you guys 5.00 a coin its 50 dollars on this 2nd round of funding. So what they are doing is 10xing everyones holdings who bought on the first crowd fund who paid 2 to 3.00 a coin. The people paying 5.00 a coin will not get a 10x on the 2nd crowd fund of the coin. So the president i talked to confirmed it. So basically if you bought in the first ico you get a nice deal the people who are buying now are paying like 50 bucks a coin because you wont get a 10x inflation like the first round. So this is imo a rip off for the 2nd round buyers. He thinks its ok to boost the ico price to around 50 bucks cause they closed it at 41 I believe on market cap that has nothing to do with a ico price.

They are going to have 10 millions and who knows who these 4 million dollar private investors are( they never announced them) they can easily flood the market with peer plays and destroy the price of it. Maybe they hold and it stays around 5.00 but I doubt it. This 5.00 price is a rip off. Its double the price of the first ico and your not getting a 10x inflation like everyone else ( including the private investors) from my understanding. So maybe wait for it to hit the market cause it sounds like the 2nd crowd fund is getting hosed.

UPDATE
Peerplays says they have a 6 month lock out period for the private investors/ And the private investors paid 4.00 a piece for each token. (Still can't find any info on who the investors are)

http://www.peerplays.com/news/peerplays-bulletin/
go to I believe the 17th it explains it.

Always make sure when you buy a new crowd fund is how much of the tokens is going to private investors or the business and if they have a lockout period.
Also make sure that you don't run into a situation where the coins are being inflated and the 2nd round ico price goes even higher.

I have no idea what the price will do but always do your research before you decide to invest in any project before you make a decision. They do have a great idea, but it doesn't sound to good imo on how they are handling the coin itself.