I was thinking of investing into primal base just for kicks. I was going to throw in a small amount and see how it does. Then I read this in the ToS:
9 Cancellation and refund policy
9.1 By participating in the Crowdfund, you acknowledge that Primalbase is not required to provide a refund for any reason, and that you will not receive money or other compensation in lieu of a refund, and you consent to no right of withdrawal from the fund of the Crowfunding.
9.2 All donations to Primalbase are final and nonrefundable
So basically, if they decide that they don't want to go ahead with this business anymore they thank you for the
donation! (Not your
investment. Did you notice that too? That must have been a
Freudian slip).
This is how you distinguish the entrepreneurs who fully believe in their business and the ones who don't. No thanks. I'd rather invest with an entrepreneur that will do whatever it takes to succeed, not one that if they give up they just keep the money and have no legal recourse so to speak.
Primal Base says thank you for the donations folks.
Obvious scam is obvious.