Quote:
Originally Posted by 36GoudeyMan
I have no idea, really, if this is an offering to sell a security regulated by the SEC, but it sure smells like one. No idea who Rally is, but this strikes me as being hugely susceptible of fraud, market manipulation, etc. So many question, so little confidence. How do you make any money? When the card sells? Who controls the timing and price and cash-out terms? Nuh uh. That Bridge is sounding better and better after all...
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Most those questions easy. That guy is selling a minority portion all together
So yeah, the majority owner gets to decide when to sell etc. If you own a 1/1000th stake, i assume you would get a 1/1000th or whatever diluted amount of the money after, of course, all of the questionable fees and costs are applied first. Wont make any money but in theory a lot of those questions are easily answered.