I'm not sure what the fuss is about with the premine. If I was thinking long term to support my coin I wouldn't spend it all the first month of existence. You need to be smart with your funds and not find yourself having to borrow money in the next couple of months for future development.
It's about transparency . Being transparent is being honest. Since they are not being transparent it's safe to assume they are being dishonest ie. selling for BTC for their own pockets.
My main point is that it should not be the right of the dev to not disclose such info. The point it that the premine is PUBLIC funded money, not PRIVATE. So why are the funds being treated as a private bank account? What is there to hide?
Public money my ass. This is the wild west of cryptos bitch! There is no PUBLIC money. No one is entitled to jack shit here, this isn't mommy and daddy or the government. This shit is totally unregulated. Public funds he says. Oh my sides.