[Dept. of Justice]

[ QUOTE ]
[ QUOTE ]
Thanks for the heads up Scorpion Man.

Mr. Now, a general solicitation for investors is illegal. One may not solicit an investment in the fund by any form of "general solicitation" or "general advertising." This includes any advertisement, article, notice or other communication published in any newspaper, magazine, the Internet or similar media or broadcast over television or radio, and any seminar or meeting whose attendees have been invited by any general solicitation or general advertising.

Therefore, my brethren at the SEC would likely find this post to be illegal.

In order for it not to be a "general solicitation" you must have had a pre-existing relationship with the investor you are soliciting, and you must contact them individually to determine their interest. The fact that you initiated this with a general solicitation to determine interest likely makes this whole scheme illegal.

[/ QUOTE ]

He is not soliciting investors -- he is soliciting statements of interest. There is a significant difference.

[/ QUOTE ]

Yes, and also illegal. Please re-read the post. It's similar to an investment partnership. You can't advertise it. Most hedge funds don't have websites for this very reason. Before you can even go about obtaining an indication of interest, you have to have a pre-established relationship. It's possible Mr. Now gets out from under some of these constraints because he's asking his investors to participate in management of the partnership, but I doubt it.