Entrepreneur Andrew Witkin Trikke works in technology. He has, however, been the target of numerous online complaints claiming that he conducted a crowdfunding scam. Find out more below:

Andrew Witkin Trikke- About Trikke Tech Inc. 

Under Californian law, Trikke Tech Inc. was incorporated as a C Corporation on February 16, 2000. The business sells Trikke three-wheeled carving vehicles as a distributor, wholesaler, and retailer.

The best personal mobility vehicles in the world, produced by Trikke Tech Inc., are spearheading the shift to electric vehicles. This highly configurable, multi-terrain vehicle with unique designs is made and assembled in the United States and is perfect for a variety of uses, including business operations, travel, fitness, security, and daily commuting. Among Trikke’s numerous growing clientele are law enforcement agencies, academic institutions, federal and state governments, hotels, shopping centers, airports, ports, and private defense companies. All have come to depend on Trikke’s personal mobility vehicles for the best possible combination of power, dependability, and environmental impact.

Andrew Witkin Trikke- About the Founder 

Trikke Tech’s founder, treasurer, director, chief technology officer, and executive officer is Gildo Beleski. He is the Trikke Technology’s creator, designer, and founder. Gildo Beleski joined the company in 2000 and has been there ever since. He is an industrial engineer, technical director, and car racing enthusiast who has been a Trikke rider for nearly 20 years.

Andrew Witkin Trikke – Raised an offer of up to $1,000,000 of crown notes from the company 

Crowd Notes with a maximum value of $1,000,000 are being offered by Trikke Tech Inc. The minimum target amount for this Regulation CF offering is called the “Target Amount.” With all due diligence, this offering is being made, and by August 7, 2017, Andrew Witkin Trikke needs to raise the $25,000 goal. In accordance with Regulations CF and D, Andrew Witkin Trikke is making simultaneous offers (the “Combined Offerings”). No securities will be sold in this offering, investment commitments will be canceled, and committed funds will be returned unless Andrew Witkin Trikke raises a minimum of $25,000 under the Regulation CF offering and a total of $200,000 under the Combined Offerings (the “Closing Amount”) by August 7, 2017.

20/12/2023 Update
Andrew Witkin Trikke hasn’t replied yet, nor has he expressed regret for his wrongdoings. He has disregarded our attempts to draw attention to the issues his victims are facing. Moreover, his entire focus has been on spreading his phony PR.

On a first-come, first-served basis, oversubscriptions exceeding the Target Amount up to $1,000,000 (the “Maximum Amount”) will be accepted. The company may proceed with the first of multiple closings if it reaches its Closing Amount by August 7, 2017, as long as it advertises the offering for 21 days and notifies investors who have committed funds five business days in advance of the close.

Investments made through crowdfunding carry some risk. If you can’t afford to lose it all, you shouldn’t invest any money in this offering. When choosing an investment, investors must rely on their research into the offering’s terms, the issuer, and its benefits and risks. No state or federal securities commission or other regulatory body has endorsed or authorized these securities. Furthermore, the accuracy and sufficiency of the document have not been decided by these authorities.

The United States Securities and Exchange Commission does not evaluate the terms of the offering, the merits of any securities offered, or the completeness or accuracy of any offering literature or document.

Despite the fact that these securities are offered under a registration exemption, the US Securities and Exchange Commission has not independently determined that they are not required to be registered.

This disclosure document includes information about the company, its industry, its business plan and strategy, and other forward-looking statements and facts. These statements about the future are based on the views, presumptions, and knowledge that the management of Andrew Witkin Trikke currently has. The terms “estimate,” “project,” “believe,” “anticipate,” “intend,” “expect,” and terms of a similar nature are used in this disclosure document and the company’s offering materials to identify forward-looking statements. The forward-looking statements made by Andrew Witkin Trikke’s management are based on their current expectations of future events and are subject to various risks and uncertainties that could cause the actual results to differ materially from the statements.

Andrew Witkin Trikke- What is crowdfunding?

One way to finance your business is through crowdfunding, where you exchange money for gifts or company shares. Usually, a website for crowdsourcing is used for this.

Crowdfunding is the process of using small amounts of money from a large number of people to raise money or support a business.

Start by putting together a campaign for your business idea on the website. Then, if you want to help yourself reach your goal, people can donate money to your campaign. You can specify how much money you need and when you want to get it on some platforms.

Andrew Witkin Trikke – What is investment crowdfunding?

A company can raise money through investment crowdfunding by asking a large number of backers to each contribute a small amount. In return, backers receive shares of the company’s stock. Businesses can raise capital through investment crowdfunding by asking a large number of backers to contribute a small amount on an individual basis. Usually, only accredited investors can participate in this kind of crowdfunding. It’s a way to make investing more accessible to private investors.

Crowdfunding is a fantastic way to raise capital for your small business, but there are a few drawbacks to take into account.

• The biggest risk associated with crowdfunding is not reaching your financial goal. This is particularly discouraging if you have already invested a large sum of money and effort in making your campaign known.
• You need to invest time in promoting your crowdsourcing campaign if you want it to succeed. Time that could be used for other aspects of your business may be consumed by this.
• It might be necessary to offer incentives to get people to contribute to your campaign. These rewards can be expensive, and they might not always be consistent with the goals of your business.
• There is no guarantee that your business will succeed, even if you reach your financial goal. Donors are not always interested in your business’s success, and crowdfunding is not an investment.
• If you use crowdfunding to raise money for your business, you might give up some control. Investors might expect a return on their investment and want to have a say in how your business is managed.
• If you use crowdfunding to raise money for your business, you might give up some control. Investors might expect a return on their investment and want to have a say in how your business is managed.

Andrew Witkin Trikke – Risks involved with Crowdfunding

Convertible notes are what we are selling; under certain circumstances, they will become shares or yield payment. These notes can only be converted or paid under specific circumstances, and they have no maturity date. The larger of two times the purchase price or the number of preferred shares that investors could have acquired under the valuation cap will be awarded to investors in the event that a merger, acquisition, or other corporate transaction takes place prior to a qualified equity offering.

We haven’t determined how using the Crowd Note will affect taxes. A type of debt security without a set maturity date is the Crowd Note. Because of this, state and federal tax laws have been inconsistent about whether or not instruments like Crowd Notes are considered to be an issue of equity or debt by a company. Investors ought to consult their tax advisors.

It’s challenging to assign a value at this time.In contrast to publicly traded companies, whose valuation is determined by the market through stock prices, private companies’ valuations—especially those of startups—are harder to determine, and you run the risk of overpaying for your investment.

Certain dispute resolution clauses in the Crowd Note restrict your ability to file a class action lawsuit or seek remedies on behalf of a group of people.

It’s possible that your options are limited. Under the terms of the notes offered, you, as a Regulation CF investor, will be deemed a non-Major Investor, with fewer information rights and no automatic right to participate in future offerings. As a result, you will not enjoy the same anti-dilution protections as Major Investors.

Your voting rights will be restricted by an investment management agreement that you must abide by.

The securities are difficult to sell again.

Andrew Witkin Trikke: Hazards Concerning the Organization and Its Operations

• The reviewing CPA noted “going concern” in the reviewed financials.
• The corporation has deferred payment of $105,422 as of December 31, 2016.
• We have taken out large loans from both friends and strangers.
• We have a small management team.
• There are numerous rivals to us.
• The business is the owner of two US, one European, and one Chinese patents.
• Our manufacturing options may be limited and our costs may rise due to uncertainty surrounding US trade policy.
• The potential markets for our products are defined by rapidly evolving technology, rising industry standards, ongoing changes to treatments and products, the introduction of new goods and services, and shifting customer expectations.

Conclusion

How do you feel about Andrew Witkin Trikke? Is it possible that he was a victim of a crowdfunding scam? Or do you believe he is trustworthy?