And everyone in the Dyrwood laughed at followers of Eothas. Look who's laughing now (i.e., definitely not Durance).
Edit: Let me get this straight. Fig offers equity to unsophisticated investors?
Investing
Gamers and others can invest in Fig, and receive Fig Game Shares™, which will pay distributions based on Fig's right to sales receipts from a particular Fig game. Each series of Fig Game Shares will track the potential future sales receipts of a particular game to which Fig has a right and will pay distributions based on those amounts, if and when they are generated. Proceeds from Fig Game Shares are used by Fig to fund its operations generally, and to help develop and publish all of our games. In certain circumstances,
we may offer LLC units or other securities that are similar, but not identical, to Fig Game Shares.
We encourage all interested investors to understand the risks and rewards of investing in Fig and picking a particular Fig Game Share series. More information about Fig, the games we publish, and the Fig Game Shares can be found in the investment materials that relate to each game and in our
SEC filings.
Kek. Why would game developers willingly subject themselves to this? U.S. securities laws are not fun. I took securities laws ages ago, but I remember there being a lot of pitfalls for reporting requirements, disclaimers, and private vs. public sales. Attorneys often have to carry extra malpractice insurance, because the laws are so treacherous at times.
If they are on Edgar, they obviously did their homework. Still, you have a mix of unsophisticated investors, a weak disclaimer system, and a vague reference to securities that can be either LLC units or "other" securities. This sounds like a recipe for a lawsuit.