https://forums.butterflylabs.com/pre-sales-questions/3043-point-were-all-investors.html#post37924LabRat says it is so.
Logic with BFL is not even apparent anymore whether an employee or shill.
1. I give you money for a product you dont have.
2. You spend months and tons of the money I sent you to develop your product.
3. Once product is FINALLY prototyped you claim I am not an investor despite your actions over the past 12 months of acting as if I am by using my monies to develop your product.
SMH
If Sonny was caught soliciting investors it would be a violation of his parole. Therefore there are no investors, only people who gave BFL capital to develop a completely new product line. Weirdly, that might satisfy the law. I'll have to hit up the lawyers in the legal subforum.