Jun 11, 2019
We look at the SEC’s charging of Kik Interactive’s unregulated securities offering. We recap the SEC complaint, outlining their argument that Kik was a deeply underfunded, low-revenue, high-expense company that attempted a “hail mary” by circumventing securities law by running the Kin ICO. Finally, we step through the pieces of evidence the SEC presents.
Press release: https://www.sec.gov/news/press-release/2019-87
Fireside #8: https://www.youtube.com/watch?v=irlVLDKKlr4