I am a small business owner and have been looking for angel investors. I received a letter from ';SFG Group'; from Woodland Hills, CA. In the letter was a commitment letter, asking me to sign in order for them to begin the process of soliciting investors in the amount of $210,000.
I am in my last year in law school so I know about doing ';due diligence';--they are not registered with any state's secretary of state, the address they gave points to a restaurant, who sends a letter of commitment in a mailing, they have no website, they don't indicate if what type of organization they are, they put a week's time limit on signing the form, etc.
It seems silly to me for them to send this letter anyway because of the terms---it's not legally binding and I can breach the contract without consequence. Just wanted confirmation that I was on the right track.