Re: Mycelium's "crowdsale": basically a donation, not an investment by any means
Not strictly an "exit scam" tho. Mycelium explicitly states that its digital tokens give you no rights whatsoever, are basically a gift to Mycelium. How is that misleading?
Where do you get the idea that these tokens give you no rights whatsoever? When buying, you have to sign a contract with Mycelium that has a legal binding. It gives you legal rights to any increase in company valuation, and makes the token a transferable contract that grants you ownership rights to 5% of the company (which would go down if you pull your increased valuation cash out, of course).
From your website, bottom of the page:
"Token is not a security, is not listed, authorized, issued or traded on any regulated market." It's explicitly a token, not a security, because you are not registered with the SEC. "Increase in company valuation" is meaningless if I have no idea who is doing the "valuation," the methadology of this "valuation," or what, for that matter, is exactly being "valuated." From your site again: "The crowdsale offer refers to the Wallet project only," i.e. NOT Mycelium the company.
These are legally SAR contracts and give you all the same rights. It's a contract granting you ownership of a portion of the company, and any growth therein. And why would Mycelium register with the SEC when it's not a US company?
To sell securities to US nationals. It's teh law
You're a US citizen, right? Where's your company based/registered at?
P.S. How are these "tokens" "legally SAR contracts"? In what jurisdiction? Do you know what SARs are?
Remember that a Cyprus-based holding company is involved, and Mycelium operations are supposedly Latvian-based.