The penny auction business - is it legal?

Our clients ask us this question from time to time.

Indeed, about two years ago such a discussion took place. Some commentators argued that penny auctions are gambling. But very quickly it became clear, that if an auction is held fairly, it is not gambling.

We believe that banks have highly qualified lawyers, so we provide here two links to information about an investment of the French bank "Crédit Agricole" in the German penny auction Dealstreet.com.

http://www.ca-privateequity.com/en/att00000616/UKUpsideShopping4_12_09.pdf (PDF)

http://www.credit-agricole.com/banking-:-account-bank-and-business-banking-171/press-releases-195/general-press-releases-203/credit-agricole-private-equity-invests-in-germany-upside-shopping-gmbh-4132.html (HTML)


In this post we would like to encourage other investors to invest more boldly in the penny auction business. And for this we are opening a Penny Auction Investment Club.

If you open a penny auction and need further investments - contact our Penny Auction Investment Club. If you are a venture capitalist looking for investment objects - let us know.
We guarantee the confidentiality of your information and your private data.

We welcome your e-mails at mail@softmedia.biz