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Author Topic: Heads up: change of terminology, “ICO” becomes “CFC”  (Read 856 times)
gjhiggins (OP)
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November 13, 2014, 03:50:50 PM
 #1

Bittrex' lawyers lead the way:

https://bittrex.zendesk.com/hc/en-us/articles/203386364-GlowShare-Crowdfund-Campaign

“GlowShare Crowdfund Campaign

“ ... cancel a CFC at any time ...“


As the man wrote: “A rose by any other name would smell as sweet” --- and, in this instance, has the benefit of being less likely to frighten the legislative horses.

Cheers

Graham
belmonty
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November 13, 2014, 04:12:26 PM
 #2

Is a crowdfunded campaign not selling unregistered securities?
Piston Honda
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November 13, 2014, 04:18:21 PM
 #3

You can still get ripped off no matter the 'term'.

$ADK ~ watch & learn...
djm34
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November 13, 2014, 04:30:13 PM
 #4

You can still get ripped off no matter the 'term'.
It isn't "can" but "will"

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gjhiggins (OP)
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November 13, 2014, 04:31:21 PM
 #5

Is a crowdfunded campaign not selling unregistered securities?


As a Brit, I am in essence making observations on a matter of internal affairs in a foreign culture and my observation should be interpreted in that light. However, one important practical difference is that the term “crowdfunding” is more accurate than “initial public offering”, the latter term having been chosen in order to exploit the more favourable connotations of a regulated commercial activity conducted under responsible industry sector / government oversight.

I'm strongly in favour of plain, unambiguous terminology where it's needed and describing financial instruments to non-specialists is exactly one of those places.


Cheers

Graham
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