Sorry No us residents
Interesting idea, and I wish you luck.
Couple of Qs:
First, Devin Energy seems to be a front for a US company (
http://quotes.wsj.com/DVNGF/company-people), also known as Three Star Drilling, whose street address is an old, semi-abandoned storefront in Sumner Illinois (
https://www.google.com/maps/place/Three+Star+Drilling/@38.7150135,-87.8613691,20z/data=!4m13!1m7!3m6!1s0x887221f8e66cda4b:0x22c4a94a94f7b4d6!2s201+S+Christy+Ave,+Sumner,+IL+62466!3b1!8m2!3d38.7150661!4d-87.8616632!3m4!1s0x887221f8e154fecf:0x60bc8cb066849346!8m2!3d38.7150366!4d-87.861477), whose real-world stock price has been falling, more or less, for at least the past 5 years (
https://www.bloomberg.com/quote/DVNGF:US --> select 5Y period), and whose website (
http://home.earthlink.net/~oil/index.html) looks like it was made by the Time Cube guy. Oh, and they have 'Sean Connery' in their YouTube video, too:
https://www.youtube.com/watch?v=Nsc7MKctY44Now, all that aside, these guys may well have the expertise to pull this off, and I'm not saying they don't. But as an investor, what evidence is there to support this being a realistic project? Are there concrete examples of past successes by this company?
Second, assuming we think they do have what it takes to pull this off, why participate in this ICO, vs. purchasing the company's real-life stock at its current price of ~5 cents a share? The latter would also get around the 'no US residents' rule (which seems odd anyway, considering Siggins is in the US). I'm guessing it has to do with the need to raise a significant chunk of start-up capital, which would be a lot harder to do in the 'real world' given the apparent lack of track record.
Thanks, and again, good luck.
