Re: [IPVO] [Multiple Exchanges] Neo & Bee - The Bitcoin Bank (Cyprus)

What are the real reasons behind the 'virtual entity' nonsense when you could be selling the real shares in the real legal entity ?

The virtual entity is to ensure current American SEC regulations are not being broken by investors from America.

Why are you sure that calling it virtual will definitely exempt you from all SEC regulations?

This IP"V"O absolutely is under the purview of the SEC if this caters to US citizens. Any claim to the contrary is misinformed or a lie.

I'd be particularly interested to hear TAT's opinion on this, after his many condemnations of Burnside for doing something very similar.

Why bother? Just read the exemptions section of the Securities Act of 1933. There is no exemption for virtual securities.

http://www.sec.gov/about/laws/sa33.pdf