But as mycelium has stated, they are aiming to become a full blown finance company. Their fees should be able to fund their dividends.
That's if you trust them. Normally when buying securities a third party is responsible with trading and distribution, in Mycelium's case you'd also have to fully trust them with that. Their crowdsale doesn't even have to abide to regulations because it's not a security, there's no fallback if they try to defraud investors.
Thanks for the affirmation....This is exactly the way I see it too. But, what's so confusing to me is that they seem to be serious! Their crowdsale terms don't make a lick of sense from an investor's point of view, or from any angle for that matter, but is there anything at all in their offer that might justify an investment rather than a donation? SMILE--I'm thinking about donating out of pure confusion but can I at least expect a t-shirt, coffee mug, or something for my support? I guess what I'm asking: is it a pure scam or is it a genuine project?
There's no way for me to tell if it's a pure scam from now since they haven't even released their shares or product. It seems bad though and that's why I recommend not putting money you can't afford to lose in that initiative. However, this might as well be a legitimate project but the potential of it to be profitable enough to be a decent investment also doesn't seem good. I believe the marketing from Mycelium is trying to mislead people into giving them more money instead of asking for donations.
