>It doesn't give the owner any stake in the company or right to a share of the company's profits. This underscores the absurdity of the SEC's position on inves

>It doesn't give the owner any stake in the company or right to a share of the company's profits. This underscores the absurdity of the SEC's position on investing in the first place, including the requirement for "accredited investor status", etc. You can spend as much as you want on a thing which may patently have zero-value, as long as you call it an asset (or something else). No one will stop you. But, the minute it's suggested that the thing represents the possibility of profit-sharing or ownership in something of potential value, then it is verboten or otherwise heavily regulated. Likewise, no one stops you from blowing your entire paycheck on a slot machine or lottery tickets. And, this, with a simple disclaimer of odds. Seems investment opportunities can be similarly disclaimed so that people can make their own decisions. This would not preclude SEC prosecutions for outright fraud, etc. when people are found to be nakedly defrauding the investing public.