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> they can use whatever mechanism they want to, without disclosure, to produce numbers. That would be fraud against whoever participated in this round, so no.
by seanhunter 7mo ago
> they can use whatever mechanism they want to, without disclosure, to produce numbers.
That would be fraud against whoever participated in this round, so no. Just because they aren't regulated doesn't mean they are literally free to do whatever they want to close the round.
- adgjlsfhk1 7mo agoit would be fraud only if they're also telling their investors the same numbers.
- lelanthran 7mo ago> Just because they aren't regulated doesn't mean they are literally free to do whatever they want to close the round. What makes you think their public announcements are aligned with what they give prospective investors?
- seanhunter 7mo agoThe fact that in all the rounds I have been involved in all public announcements related to the round go through the legal team to check for possible material misstatements that could cause exactly this kind of problem.
- lelanthran 7mo ago> The fact that in all the rounds I have been involved in all public announcements related to the round go through the legal team All public announcements go through the legal team, regardless of whether it's related to the round or not.