Quote from: Crypto-Info on June 20, 2019, 10:04:06 AM

QUOTE Bubba06255003 "Because the tokens will be bought back in 2022 not In 2019 and security tokens have to be registered in order for them to be security tokens".

No, security tokens are deemed a security applied by the Howey test as used by the FINMA, SEC and Toronto Financial regulatory body (since thats where stock apparently will be sold). This is on their website. What is also found there is the fact if your intent is to swap a token for a security then that token is deemed as a security regardless of timeframe.

You must therefore register the token since it's also deemed a security before selling it. Thus it is illegal for BlueHill to sell the token as they have not registered yet.

I keep telling to read the terms and conditions but you obviously dont feel the need to!

If you did read the terms and conditions, it's clearly stated the BHF token is an unregulated token. Only once FINMA approve the BHM tokens will the BHF token be converted to the regulated BHM token.

At present there is NO such thing as a BHM token. It only becomes an entity once approved by FINMA.

The terms clearly state BHF tokens at present hold no rights to the BHM mine. To this point if FINMA do not approve the regulated BHM token, a refund will be given to all BHF token holders as stated in the terms and conditions.

You need to read the small print in the terms and conditions, which will explain it all and not use a generic ruling from Google.

The Howey test will only give a positive outcome to the REGULATED BHM token as there is a security linked to it, the mine. At this moment in time BHF tokens are NOT linked to a mine. Only once FINMA approve the BHM token will they be converted to BHM tokens.