Re: [ANN][XTO] Tao - Real Solutions for the Music Industry!
If that's what you mean, it does not violate securities laws.
There is an exemption for the Howey Test if you cap fundraising at $100,000. Bryce did exactly that. He's worked with regulators from the start. There's photographic evidence. There's evidence on the SEC website.
If you have access to some other information I'm not aware of, do tell.
There is an exemption for the Howey Test if you cap fundraising at $100,000. Bryce did exactly that. He's worked with regulators from the start. There's photographic evidence. There's evidence on the SEC website.
If you have access to some other information I'm not aware of, do tell.
The only evidence I found on the SEC's website was related to his Altmarket company. It was an application for an Exempt Offering of Securities, the total amount they were seeking to raise was $5 million. So where did you get the $100k number from? If there's more evidence on the SEC website as you claim, feel free to post it here.
You know what, I was mistaken. I'm not a lawyer, but it looks like the exemption was actually $1,000,000 under Regulation D which has since been raised to $5M. Either way, the ICO he held in 2016 was capped at $100K and did not require registration and so is not listed on the SEC site. I apologize if my phrasing was unclear since I didn't mean to say the Tao ICO was listed there, just evidence of him working with regulators and proceeding in a legal fashion.
https://en.wikipedia.org/wiki/Regulation_D_(SEC)
The registration filing you saw was for an equity sale in AltMarket, which I don't think was open to non-accredited investors, so that sale needed to be filed with them, and was as you saw.
If you look upthread, you can also find photos of him meeting with regulators and there's video of him speaking about the project in front of the New York Bar Association in NYC. The audience included not only a ton of high powered lawyers, but representatives from I forget either the SEC or the CFTC. He makes a number of specific claims during his explanation that he would be pretty damn foolish to be making in front of that audience unless he planned to follow through on them.
ICOS are wash traded scams who would crowdfund bryces pipedream? lol
funny dude~just buy BTI and win ===>
Yes, most ICOs were exactly that: wash traded scams. But Tao has been squeaky clean. The entire point has been to keep it away from all of the money laundering, etc. which has been successful. There is a history of money laundering in the music industry, and they are very very leery of most crypto because of it, so Bryce did everything by the book and his whole strategy was to keep everything 100% clean and legal. This allowed him to partner with people in the music industry for the success of the projects that you'll be seeing in the coming weeks, next year, and onwards.
The Initial Artist Offerings starting with ODBcoin will be reviewed by a bank level independent auditor at the close of the sale and the results will be published for all to review. No scam possible.
The people who will fund Bryce's business will be his clients and their fans. And the crypto traders with the sense to understand this is the polar opposite of the crap people have been putting their money into the last couple years.
So, not you obviously.
