Wednesday, January 9, 2019

I would pretty much ignore the SEC

2019 promises to be an exciting and eventful year for security token offerings.

The post defines them, actual property ownership via contract, likely a thumbprint.

The first rule is simple, these certificates honestly deliver a unit share of the company on par with all shares of the company, totaling 100%.  A common sense rule.

Second, the company uses standard NASB accounting, mostly presenting common sense balance sheet and cash flow.

Do these two things, and the buyer is protected in contracts court, you get sued if you cheat. That is 99% of ownership, and the SEC is not yet involved.  Make the 99% work, first, then deal with the regulators second.

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