Yep. I agree. If you traded blocks you take the risk of not getting square in the end. However, if you bought under 25, well done if you can sell off at 25 on the wall. Always in crypto ways to profit in trading, but someone always has to lose. Keep that in mind.
Since Poloniex have been actively trading Block and if the ITO fails to raise the minimum amount of BTC, could they be in a position to lose money?
For example and purely theoretical;
1. Poloniex initially had 350 BTC of Block to sell.
2. They have been actively allowing trading of Block during the ITO.
3. Coingateway users have sent 25 BTC worth of Block to Poloniex to try and arbitrage their 10% discount.
4. All 25 BTC of Coingateway coins have been sold on Poloniex.
5. The refund on Bittrex causes the ITO not to meet the minimum requirements, the ITO is cancelled and all exchanges are refunded their initial amount of BTC.
6. But Poloniex is now sitting on 375 BTC worth of Block instead of their initial 350.
7. Is Poloniex stuck for the 25 BTC?