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Got it, the trust level is pretty low when you the very basic due diligence. I think Nexus Lexus is legit. They had to in order to get UK clearance. But I unde
by jbkiv 5y ago
Got it, the trust level is pretty low when you the very basic due diligence.
I think Nexus Lexus is legit. They had to in order to get UK clearance. But I understand that they want to demutualize now and become a DAO. DAO is the gold standard for no corporate oversight.
Fake profiles on Twitter and Linkedin. Thousand of fake followers. Incorporated in banana countries. And if they are incorporated at all. If the plan is a rug pull, then bypass incorporation, of course.
- dralley 5y agoEven if they were a "normal" company, trust level ought to be low by default by virtue of their name being a fairly obvious ripoff of a well known lawtech and risk analysis company. https://www.lexisnexis.com/en-us/gateway.page https://www.lexisnexis.com/en-us/gateway.page
- phphphphp 5y agoI know nothing about the company but I do know about UK company law. A UK company is very easy to open, there's no oversight, you declare the truthfulness of your statements and that's it: it takes about 10 minutes, you could have a UK company by the end of today. The directors of the company in question are not British, so even in the worst case scenario where they break the law and are pursued, they can just skip the country and face no real recourse. There are some opportunities that can be a meaningful demonstration of credibility, like registration with the FCA, but I don't see any evidence of that for this company. I would consider their incorporation (as a cic, not a for-profit company) meaningless in determining if they're credible.