.
.
FYI.
.
.
Letters of Intent. LOI's. They literally mean nothing. It is the favorite term used exclusively by Pump and Dump scam stocks on the NYSE and the entire United States stock market.
.
.
LOI's are an easy way for the traded company to keep the hype up without actually having to get into any legalities from the government.
.
.
That's why the term LOI is used heavily in Wall Street scams.
.
.
Stay informed fellow humans..
could you please explain more about this?
The first result on the web gave me this:
http://www.fraudaid.com/letter_of_intent_fraud.htmA Letter of Intent is written once a general agreement has been worked out between parties such as a buyer and a seller, and outlines the various points of the general agreement. An LOI is usually non-binding and contains a non-binding clause.
CAUTION: If the LOI is binding, then it should be reviewed very carefully by an attorney, and the reasons for such a commitment need to be reviewed with extreme caution since the Letter has now become a contract.
The Scam: A Letter of Intent is just about always used in a High-Yield Investment Program scam.
The purpose of the Letter of Intent (LOI):
It provides the swindler with a means of eliciting a commitment from you. Although the LOI is virtually useless since it is produced with the intent to defraud, nonetheless it is a means of forcing you to commit yourself to an action since you don't know fraud is involved.
It allows the swindler to use the LOI as a threat you start balking or is not moving fast enough.
It is used in Daisy Chains ad nauseam. A Daisy Chain is a chain of brokers or intermediaries, especially in the UNDERGROUND NETWORK. Each so-called broker, from the swindler on down, passes out LOI's like candy, supposedly to protect his spot in the commission structure. It's all hogwash, but apart from the swindler himself, most of these people don't know that. With each LOI comes a NON-CIRCUMVENTION NON-DISCLOSURE AGREEMENT (NCND), also as worthless as the paper it's written on since once again, the entire purpose of all these agreements is intent to defraud. Just as a side note, any commissions received by one of these brokers/intermediaries are derived stolen funds.
I'm not saying Envion is a scam, but I would't get my hopes up on LOIs either. As I read it they are worth less than promises. More like reserving a spot for a possible investment, like whitelisting.