Wondering what the CEO and board of Shop.com has to say about their credibility?

Facebook = deadpool in 4.

Mark Zuckerberg = Mark Cuban.

Live long and prosper.

Did anyone else find it odd that in Lee’s letter, he linked to a very negative TechCrunch article with the term “scam” in the headline?

Should be fun to watch their launch and see if it survives the negative blowback it is being subjected to here and elsewhere.

That’s actually a really good point. There are some restrictions for private placement of securities from non-accredited investors, which is from whom Lee is trying to raise money. I don’t know all the details, but there is some restrictions around the complexity of the securities being offered how the securities are marketed to the public. Hedge funds generally raise money exclusively from accredited investors for these reasons and actually cannot advertise.

Another thing, I noticed that Steve Ballmer is listed as one of Lee’s “top friends” … hit him up dude…he’s already a fan of Facebook, as you know! That should be one easy deal to close. He dropped a couple hundred million into FB at $15B valuation. Your deal is a no brainer man.

You are in total control of the advertising on your app now. You can use adsense, cubics, socialmedia, advertising.com, whatever. It’s an open, very competitive market; and that’s great for developers trying to make $$$. If socialmedia does some nonsense like allowing javascript redirects to spammy CPA ofers for weeks at a time, you can just take them off.

Beware about signing an advertising contract, especially with someone like Altura.

What if something similar happens to their ad network, and you LEGALLY can’t take the ads off even though there are popups or interstitials, etc.

Contracts are made for ripping people off. Just be cautious and talk to a lawyer or at least a smart friend before signing anything (even an NDA).

Just my 2 cents.

“The revenue for TheUADA on that date of closing is expected to be $5+ million with $1+ million in profits and the valuation will be 3 to 6 times sales or 15 to 30 times earnings.”

“This company will be profitable from day one based on its 20% share of ad revenue on 1 to 5 billion page views per month under management.”

“Upon IPO, this company will have $30+ million in revenue and $20+ million in earnings and long term rights to all the ad real estate of the majority of top apps on Facebook.”

Even if hell freezes over and The UADA succeeds according to Lee’s plan, buyer beware on this one. Nobody reputable would be making these sorts of statements.

It’s the “chicken before the egg” hypothesis. The only reason why there’s the “countdown” in the first place, is that Lee can’t get developers without hype. The reason why the UADA is listed on Adonomics, is that you can’t get hype without developers.

So all you need to do, is claim you have developers. Then you get hype (from TechCrunch posts like this… note Lee even references the TechCrunch post about the UADA being a scam in his letter… no press is bad press). Then with the hype, you try to get actual developers.

AKA, the deed has been done. Lee has gotten TechCrunched twice in a week, and we all fell for it.

Lee, get an apron and get a job.