Would you invest in a company that MAY have a “mystery partner”?
Under the Securities Act of 1933, investors are entitled to “full and fair disclosure” about the company offering the securities.
But when a company is crowdfunding for “donations” in exchange for crypto-currency and announces “exciting news” about “efforts to establish the largest cryptocurrency collaboration to hit the market”…with a “global organization with a vast network of high traffic sites” that “is looking to enter the cryptocurrency market and form a strategic business alliance with” the issuer,” there is actually:
- no news in that announcement,
- lots of puffery (if it’s only that) and
- no information as to who the global organization could be.