Sure as fuck seems that Homero is trying to take his operation abroad.
That letter was written by one of his friends and attorneys, Leo Iruke
In related correspondence...
Sounds good, let me mull over some of the points, and give some strategic options and some legal pitfalls we have to take into consideration if we move on using the "investment vehicle language". It would be best to maximize the marketing potential of the hashlet as a source of investment without necessarily declaring it as one, as the sec's and Atty general may get confused and think they have jurisdiction in case of a down turn in the mining market or btc price etc.
I have a solutions that we can use a work around and probably the acheive the same critical mass on the marketing while reducing domestic liability, especially if were expatriating the corporate headquarters overseas, but maintaining a large us based customer base.
Let me digest this further and I'll map out the other areas shortly
Sent via BlackBerry from T-Mobile
perfect, keep in mind (I am sure you are), that one of the upside of viewing a hashlet as a investment that the foreign company sells, would be (potentially) being out of US regulation.
Additionally, the HashGear gear we are selling here in the US, would have physical Value (a shirt, coin, card, etc). It just so happens to also have a code to go retrieve an investment from this out of country company.
I am sure there are plenty of holes, but I know you can figure it out

http://pastebin.com/THZTifqp