CPT Jacob Moody, Ph.D., M.D., J.D.
U.S. Army 82nd Airborne and U.S. Marine Corps Chief Warrant Officer
Damage Inc
[Your Contact Information]
6/30/24
Securities and Exchange Commission
100 F Street, NE
Washington, D.C. 20549
Subject: Response to SEC Complaint Regarding Unregistered Security
To Whom It May Concern,
We are writing in response to the complaint filed by the Securities and Exchange Commission (SEC) regarding the issuance of an unregistered security in the form of our debt bond associated with the Trillion Dollar platinum coin.
We understand the importance of compliance with SEC regulations and take these allegations seriously. As a company, Damage Inc has always strived to adhere to all applicable laws and regulations. We would like to provide the following information in response to the SEC’s claims:
1. Background Information:
• The debt bond and Trillion Dollar platinum coin were created to provide a unique financial instrument aimed at addressing specific market needs. These instruments were designed with legal and regulatory guidance to ensure compliance.
2. Compliance Efforts:
• We took several steps to ensure compliance with securities laws, including consulting with legal experts and obtaining legal opinions. Our actions were based on these opinions and a thorough understanding of the relevant laws.
• We have previously communicated with regulatory bodies to seek guidance and ensure our instruments meet all legal requirements.
3. Howey Test Analysis:
• Investment of Money: Investors purchase the debt bond with the expectation of financial return, a common characteristic of financial instruments.
• Common Enterprise: The bond is part of a broader financial strategy involving multiple investors contributing to a common goal.
• Expectation of Profits: Investors anticipate profits from their investment, derived from the financial performance of the bond.
• Efforts of Others: Profits are primarily generated through the efforts of our company, which manages the bond and its associated assets.
4. Remedial Actions:
• We are currently conducting an internal review to identify and address any compliance gaps. This includes reevaluating our processes and making necessary adjustments to ensure full compliance with SEC regulations.
• We are committed to cooperating fully with the SEC to resolve this matter amicably and efficiently.
We appreciate the opportunity to address these concerns and are committed to ensuring full compliance with all regulatory requirements. Please do not hesitate to contact us for further information or clarification.
Sincerely,
CPT Jacob Moody, Ph.D., M.D., J.D.
U.S. Army 82nd Airborne and U.S. Marine Corps Chief Warrant Officer
Damage Inc
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2wFrom my foxhole this should be a priority of the highest order. The men that never returned home were sent there by the government and the government has a responsibility to bring them home to their loved ones.