Are you saying that it wasn't in the original S-1 and that is a contributing factor to not getting processed the first go around?
Just like they didn’t make it obvious who was behind that BRIGHTON NOTE and it turned out to be partially owned by his family members.
The Block ETX thing was considered legal under current law, but there seemed to be some question on whether it was a security or an exchange. Also happened with other companies. There was public discussion about whether they should pull it and they decided to pull the exchange because they wanted the S-1 to go through.
If you noticed the latest revision, I would guess that the other 4 were done inhouse. The first one was a hot mess. This last one, I bet they hired someone to write it. It is clear and more concise. The numbers add up too.
Commments like "just gotta know where to look!" are such bs. There is no questionable stuff there. Just a startup that is growing very fast. Systems are not fully formed.