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A comment on SEC Charges Kik With Conducting $100M Unregistered ICO. Parent comment

Re:SEC Charges Kik With Conducting $100M Unregistered ICO by flyGuyOnTheSly on Tuesday June 04, 2019 @03:38PM (#20098482)
Not according to the page linked to on the SEC website:

>The SEC seeks a permanent injunction, disgorgement plus interest, and a penalty.

So they're seeking $55,000,000 USD of US investor funds, plus interest, plus a penalty.

That would bankrupt Kik and decimate the future of the project.

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Re:SEC Charges Kik With Conducting $100M Unregistered ICO by asdfasgasdgasdg on Tuesday June 04, 2019 @10:48PM (#20101089)
https://coinmarketcap.com/currencies/kin/

People with skin in the game clearly think it's a big deal. Kin's price tanked by 25% today, and that's after a long decline since the Well's notice. That trading volume is telling too. They turned over about 10% of the outstanding shares. By comparison, a typical day for GOOGL is 0.5%.

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