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Whales Market founder dexter released the following statement on X: "gm.ai has suffered a series of mismanagement, wrong (and unfortunate) timing, and most importantly, poor communication from the team. Now we take responsibility and promise to provide investors with a complete path. For the record, we have developed projects before, and all the funds raised from investors were used for development. In addition, at the same time, the team has hardly sold any team tokens from these projects-all of which can be proven on the chain. We even have such an example that when a failed project closed, we refunded seed investors "out of pocket". If you are one of our past investors, I hope you can at least kindly confirm this. The above is not an excuse for disappointment with gm.ai, just a glimpse of our past behavior and emphasize the fact that we never intended to deceive anyone. Now, for gm.ai, aside from the funds used to develop the project, the team or founders have not cashed out or ‘exit scammed’ any of the presale funds. To better address this, we plan to move the remaining presale funds to a public wallet at some point when we begin the compensation process. The presale took place in March, and admittedly, that was when the presale hype was at its peak, which was a double-edged sword. Right at the end of the presale, we began building, and over the course of 5 months, the team tried again and again to deliver on our promise - an AI project, and a potential SOL product ecosystem. We have built AnotherUs, Intent.Trade, gm.fun, and the gm core model that drives it all. None of these products have found a PMF, which is one of the reasons we have been delaying the token launch. We were under tremendous pressure, so we hesitated. The token launch was a garbage show. However, it is a false accusation to say that we took the money and did nothing. Regarding the investor compensation plan, going forward, we believe there are at least some options to partially compensate GM investors for their losses. We will share the full details this Friday. ”