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Unfortunately your reply comes across as both defensive and pompous; it is your ethical duty to inform the valued members of this forum, who have significantly funded this experiment, of the current conditions and proposed exit strategies. Posting a thread in a less travelled cosm is not the right mechanism.
rive_gauche-
It was not my intent to be either of those things, but I am unsure it's possible to be neither given that it's such a subjective view and any response could be called "defensive" and I'm not sure how "pompous" applies given I feel quite wiped out, exhausted, down and emotional - hardly meets the definition of "boastful, overblown, exaggerated, ostentatious or self-important".
I investigated what my obligations were out of a desire to do the right thing. Which is also why I have been very honest about progress in the investor update, which all investors would have been notified about, and elsewhere (on here) so that investors and users who were part of the initial support were kept up to date.
"Ethical duty"... I'm afraid that there is none, there is only a contractual duty to have operated the business giving it the best chance it can have, and to operate in accordance with things like the subscription agreement, articles of association, etc.
I really did look to see what duties I had, and found them wanting given that I do value everyone here and those who helped support the company and project - I wanted to be open, clear, honest, and feel I have been so. I posted the above out of a personal feeling that I should do so as those who have supported the company and project are on here and that I should keep them informed that we were close to making a decision (which you should have known from the last investor update) and our current status on that (which you should have expected as we were clear that we would seek to decide conclusively soon).
As to the less travelled *cosm, all subscriptions have been brought over during the migration, and even back in 2012 I was encouraging people (investors or not) to follow this forum to receive updates.
When a final decision is made - if that turns out to be winding-up of the company - then every investor will be notified (and the SEIS relief triggered). In addition, every customer will be notified. Until then, whilst there is uncertainty for a while longer, this is open discussion to keep you informed of where we are on a very hard set of decisions that you as investors should have been well aware of given you were informed (via the investor update) and to keep the users that cared and who might be most affected (LFGSS users) information on this.
Velocio
I read through the entire subscription agreement and there is no obligation to do so, I also enquired of Seedrs three weeks ago what the process is if we need to consider this question and my obligations start when the decision has been made (in fact, it starts the instant the decision has actually been made).
I posted here to informally brief investors and users alike, so that I can factor that into the decision making before the more formal processes kick-in.
I'm looking to use this space to ask these questions and think aloud, before making the final decision next week.