There is risk in participating in a capital raising, it’s why...

There is risk in participating in a capital raising, it’s why many are restricted to sophisticated investors. As such investors don’t usually have recourse if the investment goes bad.

However there has to be a limit to this, you can’t just put any info you want into offer documents. I haven’t seen the relevant document but I did see valuations with $128 million per year in cash flow valuations. I’d want to know what basis this was included and what due diligence was performed over it. If Fidelity was negligent, why not sue them?