Link: Kik Answer
The U.S. Securities and Exchange Commission (SEC) sued Canadian softwar...
Link: Kik Answer
The U.S. Securities and Exchange Commission (SEC) sued Canadian software company Kik Interactive Inc. in June, The complaint was an almost novelistic parade of horribles, painting Kik as a cash-strapped company on its last legs, turning to an unregistered securities offering in the form of the Kin token sale as a Hail Mary pass to save the company from certain failure.
Based on document discovery and interviews conducted by the SEC over an 18-month investigation, the Complaint put Kik in the worst possible light. This is, of course, the way these things go. You generally don’t expect the Plaintiff in a lawsuit — particularly one like the SEC — to say nice things about people they are suing.
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source https://www.tokentalk.co/The Block/sec-v-kik-kik-files-aggressive-answer-to-sec-lawsuit-5d4a1c0118b5100e6a798a17
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