I lemfuture would like to buy shares for 0.222 BTC. Dividend address 1Ci6gmzdkMwByy7EceBwqG8yV5EXycKCWW
tx id: a213ffbc586c757c50f829118fe7c7ec44c58ba4d62bab52b4826e8398607aba
ps. dont run like neo n bee
Did you do your due diligence on this investment, which most likely breaks the Securities Act (and I will be contacting MSC about this 'IPO' very soon), and gave your Bitcoins to a hobo?
Read this thread. https://bitcointalk.org/index.php?topic=587618.60Here are the relevant parts quoted regarding alleged violations of the Securities Act:
I believe your securities offering and IPO may be in breach of Securities Act (C.C.S.M. c. S50) in Manitoba, Canada.
Section 37(1):
No person or company shall trade in a security, either on his own account or on behalf of any other person or company, where the trade would be in the course of primary distribution to the public of the security, until there has been filed with the commission both a preliminary prospectus and a prospectus in respect of the offering of the security and receipts therefor obtained from the director.
Can you please provide me with a copy of the two required prospectuses, filed with the MSC? I am unable to find them, and yet it appears that you are currently conducting an IPO. Do I need to contact their investigators and enforcement team, with
full details of you, or will you refund everyone's money and scam somewhere else?
Good thing we aren't worried about the MSC nor your poorly thought out FUD attack.
To be completely honest I think you might be a competing cam site operator who isn't pleased to see a rival emerging from BTC land.
Given the fact that BTC is not considered currency in Canada yet (grey area) and I am not listed on an exchange I don't see it an issue.
When phase 2 goes and we are listed on an exchange, Then perhaps I will look into MSC laws. But at this time, no.
I have left all investors the chance to sell back their shares at any time for a full refund.
Kyle.T
Your lack of understanding of securities laws is astonishing.
'Trade' does not only refer to selling shares for legal tender, but for ANY 'valuable consideration':
"trade" includes (a) any sale or disposition of or other dealing in or any solicitation in respect of a security for valuable consideration
Your defense of "Given the fact that BTC is not considered currency" is simply wrong and will not stand any in court in relations to securities act violations. The defense may apply to other legislative frameworks such as operating Bitcoin <-> CAD ATMs without registration, but the definition of trade in the securities act is sufficiently broad to include Bitcoin.
Your additional defense of "I am not listed on an exchange" is also irrelevant, as the offerings of
any security or solicitation of
any investment investment is generally regulated under the Securities Act.
I recommend reading through the laws of your jurisdiction.
You may also wish to contact the Manitoba Securities Commission to clarify the regulations that applies to your offering, which I allege that you have broken. Their toll free number is 1 (800) 655-5244. You may be inclined to stop soliciting for investments, and refund all invested Bitcoins back to their dividend address.
In absence, I can contact some members from the enforcement department.
