> they can use whatever mechanism they want to, without disclosure, to produce numbers.

That would be fraud against whoever participated in this round, so no. Just because they aren't regulated doesn't mean they are literally free to do whatever they want to close the round.

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lelanthran 2 days ago | parent | next [-]

> Just because they aren't regulated doesn't mean they are literally free to do whatever they want to close the round.

What makes you think their public announcements are aligned with what they give prospective investors?

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seanhunter 2 days ago | parent [-]

The fact that in all the rounds I have been involved in all public announcements related to the round go through the legal team to check for possible material misstatements that could cause exactly this kind of problem.

	▲	lelanthran 2 days ago \| parent [-]
		> The fact that in all the rounds I have been involved in all public announcements related to the round go through the legal team All public announcements go through the legal team, regardless of whether it's related to the round or not.

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adgjlsfhk1 2 days ago | parent | prev [-]

it would be fraud only if they're also telling their investors the same numbers.