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Do you have any proof they did that? That is a very serious accusation to make.
by StressedDev 3y ago
Do you have any proof they did that? That is a very serious accusation to make.
- rchaud 3y agoNo proof, because absolutely nothing was audited. That's the whole point of crypto, avoiding securities regulations. Regardless, what I'm describing is exactly what an investment bank does for a legit public company. They purchase shares from the issuing company to guarantee a certain amount of capital for the company, and then sell it on the secondary market, which in most cases would be to other invstment groups or directly on the NYSE. The difference is that those companies issue S-1s disclosing their performance and numbers, allowing secondary market investors to make an informed buying decision. https://corporatefinanceinstitute.com/resources/career-map/sell-side/capital-markets/underwriting-overview/ https://corporatefinanceinstitute.com/resources/career-map/s...