What explanation you need my friend. We have already explained our business model in your thread and how do we make money to pay to our investors. Now, as far as legal documentation is concerned, we bet if you ask this from every ICO, more than 95% would be failed to produce that. There are just a handful of ICOs who have 100% legal documentation done from the concerned authorities before starting their ICO.
This is about your ICO, not any others.
Tell me please how much money are you currently using in your arbitrage business?