Hi Hans,
I don't think there's anything illegal about a group of people collecting money for "investment" purposes. To me, that sounds like investment clubs. We nearly set one up at my office but no one trusted each other. After all, we just work with each other, it wasn't like we were all good friends. :-)
Betty
mailto:bettyy_at_earthlink.net
-------Original Message-------
From: Hans Derycke <hans_at_derycke.com>
Sent: 11/30/02 12:21 PM
To: newtontalk_at_newtontalk.net
Subject: Re: [NTLK] Newton R & D
>
What we're really trying to do here, when you think about it, is
setting up something akin to a venture capital fund, or an incubator,
or somesuch. Looking at VC funds or incubators might help us in
deciding what we need to do to establish something viable, and
something that won't experience a China Syndrome at the next in-group
altercation. Given how this group seems to be prone to endless pissing
contests, we should set up a structure that won't encourage every
teed-off punter to go running to the SEC(1), FBI(2), or whatever,
crying about how we took their money and gave it to our friends. I for
one don't want to have securities fraud on my record.
Maybe we can set it up as a charity?
On Saturday, November 30, 2002, at 12:53 PM, Jon Glass wrote:
>
> on 11/30/02 1:58 PM, d0pp13r at roman_at_pixell.net wrote:
>
>> 4. how to get a collective agreement on support of a certain project.
>> indirect (also called representative) democracy would involve a board
>> for
>> those types of decisions
>
> Which just goes to show that "free market" and "democracy" are not
> synonymous terms. :-)
-- Hans Derycke E pur si muove(1) ObTWIAVBP: The Securities and Exchange Commission, the US government body that regulates the securities industry. (2) Like I'll believe that there's anyone in the world who doesn't know the FBI.
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