Re:Investor Alert: Public Companies Making ICO-Related Claims
by jstanley on Tuesday August 29, 2017 @02:44AM
(#15122555)
They don't have to be equity, and even if they were equity it wouldn't make a difference to his point.
If you think the tokens (equity or not) are likely to become worthless, you can sell them to somebody else, as long as there is anybody willing to buy. It doesn't matter that it's not equity.
Even if it was equity, at the point where it was a dead cert that the tokens would be worthless, they'd still be worthless, regardless of how hard the SEC ensures that you own a slice of that worthlessness.
If you think the tokens (equity or not) are likely to become worthless, you can sell them to somebody else, as long as there is anybody willing to buy. It doesn't matter that it's not equity.
Even if it was equity, at the point where it was a dead cert that the tokens would be worthless, they'd still be worthless, regardless of how hard the SEC ensures that you own a slice of that worthlessness.