Same question has been asked several times in this thread (also by me), it was ignored.

Here is a funny thing, while everyone here loves to hate the government, sec and regulation, for a security to be registered, it really only requires some basic disclosures about the issuer and business. Arguably the procedure has become overly complicated and expensive for small offerings, but the idea is plain common sense, and this "IPO" wasnt so small. Investors at the very least should ask the same questions the SEC does or a bank would before forking over millions of dollars to an anonymous person being represented by an anonymous spokesperson.