Kik is being sued by the SEC for allegedly conducting an illegal securities offering. And it seems they clearly knew it was a securities offering, because they

Kik is being sued by the SEC for allegedly conducting an illegal securities offering. And it seems they clearly knew it was a securities offering, because they didn't sell to residents of their home country. They didn't disclose that they were near bankruptcy or that their service was wildly unprofitable - information that would have been useful for investors and that a legal securities offering or VC fundraising round would have made known to investors. I'm not sure what about all of that makes them seem trustworthy. I guess they haven't been caught selling user data - but given that they allegedly committed fraud to keep the company afloat, I don't know why you would trust them not to.