Ppft. Why does this matter? Instead, without any registration at all you can just raise a billion dollars from the uninformed general public on the basis of un

Ppft. Why does this matter? Instead, without any registration at all you can just raise a billion dollars from the uninformed general public on the basis of unsupportable speculative (and probably false) claims, then just pay the SEC a 24 million dollar penalty in a settlement where the SEC promises to go away and take no further action against you. :-/