Re:SEC Charges Kik With Conducting $100M Unregistered ICO
by tx-0 on Tuesday June 04, 2019 @07:04PM
(#20100080)
> just listen to Kik's own words
if they had raised money by telling a story that they didn't believe to the VC's to raise money from the VC's, then they would have been guilty of something by their own words: but they didn't, and their point in saying that was they did not do that. Instead, they pivoted...
The money they raised in the ICO has the SEC upset, but not for the reason your example refers to, but simply for lack of registration.
if they had raised money by telling a story that they didn't believe to the VC's to raise money from the VC's, then they would have been guilty of something by their own words: but they didn't, and their point in saying that was they did not do that. Instead, they pivoted...
The money they raised in the ICO has the SEC upset, but not for the reason your example refers to, but simply for lack of registration.