Is anyone going to mention the fact that it is ILLEGAL to sell stocks once you have them? You have to have a business permit before you sell anything in Firestone.
Businesses can sell to you, but you can’t sell stocks to other people without having your own business permit.
You can work around that, though it might involve more risk. Couldn’t a business technically buy and sell for clients and give profits or take money from the clients, only taking a small amount of the money?? I mean, just theoretically if we assumed that everyone was honest and no risk was involved.
What I mean is that the stock would be owned by the business, but in an uncommon way “lent” to clients to use (Not in the conventional short seller way).
Yeah, that would work. It’d also be safer because if a business are scamming people then we could just revoke their permit/ add additional regulations on them. Then people could pick and choose a brokering agency allowing for competition between the agencies as well.
For those who are saying “people who invest in scriblelz company are being scammed” is false.
Literally most of the people who bought shares and sold it made money. Only those who are keep holding are the ones losing money. Scriblelz share wasn’t exactly 100% like Wall Street it had some changes but the idea is similar.
But, we have to have, IDK, money with an actual value. FSD is basically only worth anything inside Firestone (as we have no idea of how FSD coverts into MYD (Mayflower Dollars)).
SEC can’t do anything since there is nothing to do.
imagine buying stocks in a ro-company, u get no control over it you buffoons. its just a simple exit scam, build up a company hype, get investors, get money, close up shop and u can pocket it all ez pz
new crims in fs, go and become business people, become the 1% and blossom with capitalism
i dont think these businesses actually make any money so I’m not sure why people r buying these stocks. also unless there is some contract in place, people can literally take ur money and run. yall should at least wait till embezzlement and crimes like that are brought through congress.