" your point is all the investment banks or funds r not trustworthy.,"
This is not my point.
You said your friend asked you to buy a share in a racehorse. Racehorses have been syndicated for a long time, with syndicates selling shares in the horse to fund the horse's breeding and racing. As someone with a 40 year association with thoroughbred syndicates, I can tell you they are an excellent method of funding the breeding and racing aspirations of the syndicate manager.
If your friend has a 'fund of syndicates', well good luck to him and those who 'invest' in his fund. All the best with your MEM investment.
Ann: Memphasys raises $1m via a strategic investment, page-27
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