I am an investor in The Style Club. Or, at least, I thought I was

Re:I am an investor in The Style Club. Or, at least, I thoug... by Bartweiss on Friday December 02, 2016 @03:31PM (#13092022)

Did they not get screwed, though?

As far as I could tell from the article, StartEngine's contract was solid. The Style Club LA had no legal right to transfer assets and IP to a new company without permission from StartEngine, which they did not receive.

So Cuban and Shark Tank invested in a company which came to them under false pretenses, with a significant undisclosed liability. If that's the case, they absolutely got screwed - they probably aren't culpable for Style Club's lack of disclosure, but they did get tricked into a bad investment.

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Re:I am an investor in The Style Club. Or, at least, I thoug... by icebraining on Friday December 02, 2016 @03:53PM (#13092184)

But is there evidence beyond the episode that the deal actually went through? I mean, it's just reality TV, surely a real negotiation happens afterwards where this stuff is checked, no?

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Re:I am an investor in The Style Club. Or, at least, I thoug... by deeth_starr_v on Friday December 02, 2016 @04:40PM (#13092561)

A commenter below posted a link to prweb touting the Cuban investment in the company. So it seems like Cuban did the deal...

Edit: typo

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Re:I am an investor in The Style Club. Or, at least, I thoug... by amscanne on Saturday December 03, 2016 @06:53PM (#13098075)

I wouldn't take a press release from the company as evidence that the deal actually closed, especially if you suspect some slightly shady dealings.

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