Ok, I have been reading these posts too. I believe that Shacky and Ethera in fact are incorrect despite what the contract says. Now I should preface my reasons by saying that I am in the United States which surely has different laws than England but I also know that the laws in both countries are similar. The Business plan states that Wood Technology is the sole owner of all tangible assets... Now should Katie or Ciphermine commit some act of malfeasance which results in investors losing their investment; Wood Technology would in fact be in the line and, in the US at least, could be sued into the ground. The fact that Wood Technology is the "real" owner of Cyphermine should be a relief to investors for it is their deeper pockets which will help insure investors against Ciphermine's collapse.
Now, in the us if Cyphermine were a corporation this would protect it's owners (Wood Technologies) from losing their assets should Cyphermine fail. Unfortunately for Wood but fortunately for us investors a corporation can't have an IPO without lengthy and expensive filings with the SEC. This is a process that takes months and costs hundreds of thousands of dollars. there is no way that any Litecoin Global security has undertake these measures especially since Litecoin Global is merely a simulated exchange.
In short, it is my belief that Ciphermine is one of the safer investments on the exchange because of the exposure to liability from unhappy investors that Wood Technology undertaken by starting Ciphermine. Now in the US, at least, a line or two buried in an electronic contract will do nothing to protect Wood Technology from litigation.
I will take your words, and will see it again in a few months.
You can't compare real life IPO, to IPO on LTC-Global.
What do you think that will protect your investment in LTC-Global? When you try to fill a litigation with this in mid:
1) Payment with cryptocurrency. (A good start for US)
2) Investing in a Exchange not regulated by SEC. (This point will break all litigations. Read around, a lot of forex brokers, binary option brokers, and many other finance/investment service don't allow investor from US because don't )
3) See the country where LTC-Global operate.
PD. I suggest to you read about the scammer forex brokers, and tell to me if the US customers got the money back. (Speaking about fiat money, and transferred using a US bank account with good proof of payments)
Point numer 2: You are breaking the rules investing, and LTC-Global break the rules too, accepting you from US to invest.
Read the contract, read everything in LTC-Global, this is a simulation, game, virtual. Let me know if you know a scammer investment from LTC-Global or BTC Trading corp got a litigation for bankruptcy a (virtual, simulation, game) company management?
Important: Im don't saying that all the company's listed in LTC-Global or BTC Trading corp are a bad investment, instead of it there is a LOT of good company to invest. Ciphermine maybe will run a great business, but Im sure that won't/can't get the profit Kate and business plan said.
Im only telling to everyone that you can sued anyone, but Im sure that is impossible to WIN the litigation in this type of market (cryptocurrency, virtual/game/simulation exchange market, and many more things that will complicate the sue.)