Do you think that Purism’s management is willing to face jail time for lying to investors? The legal penalties for securities fraud are not a laughing matter, and it should be obvious to investors in a couple months whether Purism really raised the funds from the way that the company behaves.
If Purism has over $7M in new investment, I would expect to see activity such as:
- customers who ordered before March 2020 reporting that they are receiving their refunds,
- successful payment of its Kickfurther funds,
- more hires on the company’s Team page
- more commits in the source code,
- more L5’s being delivered to customers.
- announcement of new products such as a L15 v5, L11 tablet, L5 v2 or a 11th gen Core processor in the Mini or L14.
These are things that can be verified even if you don’t have access to the company’s financial information, and if none of these things happen, then it seems likely that investors will get suspicious and start demanding to know what is being done with their money.
I don’t see why Purism would lie about raising money. In all likelihood, Purism has just made it more likely that customers will file complaints with the authorities and go to small claims court to get their refunds, because they now know that the company has the funds on hand to repay them.