Both of you are far too short sighted. Sembro is a company who have been around for a while, not some random Kid-Dev sitting in a bedroom trying to scam people.
The more people who are invested from the start should mean the harder it will be for Fudders (teams of them as you two clearly are aware) and so called "Whales" to manipulate the coin into non-existence.
Think for five minutes what it could mean to Crypto if a company/developer who makes "main-stream" stuff comes along and does well with a Crypto coin. Everyone is always complaining about the short-sighted shit like this and does not seem to consider the fact that once in a while a new coin could actually "make it" into the main-stream and be more widely used than simply short-term fast-flips.

I'm postive about the coin but not a fanboy and we'll call scam in big red letters if we see one all over here and Twitter.

That said, I think the problem here is Crytorush.  I'll be they sold off their mailing list when they went under and once it is out there in the wild who knows who has been buying it from whom.  Midas might not even have known the names sourced from Cryptorush.

Here's the Cryptorush agreement:

We do not sell, trade, or rent Users personal identification information to others. We may share generic aggregated demographic information not linked to any personal identification information regarding visitors and users with our business partners, trusted affiliates and advertisers for the purposes outlined above.

To a lawyer that Cyrptorush agreement above has more holes than Swiss cheese.  To us, "personal identification" includes e-mail.  But does it mean that in black letter law? Who knows? It would take a law suit in US courts to argue that. Ethics, common sense and morality play 0 role in the legal process.

Also that last sentence doesn't say anything about "family members of owners", "successors" or "as part of a bankruptcy settlement".  To normal people it doesn't have to but in contract law if it doesn't say it then it isn't part of the contract. What about "untrusted affiliates"? Sounds stupid I know but it does not say that.  

To be ironclad, the wording from Cryptorush should have been along these lines:

"We will not share any information whatsover about our users (including e-mail, address, national ID numbers, bankaccounts or anything of this nature) with any individual, company, entity, government, person, legal person or any other recipient under any circumstances ever in the present, past or future.

The basic lesson here for everyone is that once you put something out there on the internet you have no protections re privacy no matter what the text blurb says.  It sucks but it would take a major overhaul of international and national laws world-wide to fix this situation.