--- In [email protected], Peter <[EMAIL PROTECTED]> wrote: > > > > --- Rick Archer <[EMAIL PROTECTED]> wrote: > > > on 8/6/06 6:15 PM, markmeredith2002 at > > [EMAIL PROTECTED] wrote: > > > > > > I feel the need to point out the cowhig, dector > > and wilson raised and > > > lost millions and millions of $$ from gullible > > sidhas for their > > > "governors" business. Really poor ethics from > > what I saw. > > > > I know one guy who ³invested² his whole inheritance > > over $300K. Now he¹s > > broke. > > In defense of these guys, they had to comply with US > law and disclose the extreme risk of their venture > capital venture, yes?
If I understood the previous posts, this happened in Canada, so U.S. laws wouldn't comply. But even if it were in the U.S. I wonder if privately-solicited venture capital has to comply with laws for publicly-solicited funds. For example, if you go, privately, to a bunch of friends and ask for money, I don't think you have to comply with anything (other than not lying or committing fraud, as would usually be the case). > It wasn't like they conned > people or anything. If I remember correctly they had > some sort of a oil from shale proposal. If Ru > investors weren't so naive and believed in "support of > nature" regardless of the soundness of the business > plan maybe they wouldn't have lost their money. Now, > if the partners touted the > "I'm-a-ru-and-in-tune-with-natural-law-and-can't-make-a-mistake" > angle then that would be pretty bad. > > > > > > > > > > __________________________________________________ > Do You Yahoo!? > Tired of spam? Yahoo! Mail has the best spam protection around > http://mail.yahoo.com > To subscribe, send a message to: [EMAIL PROTECTED] Or go to: http://groups.yahoo.com/group/FairfieldLife/ and click 'Join This Group!' Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/FairfieldLife/ <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
