Today we learn that Squidco is pulling the FaceShnook "private placement" from US Investors and instead will direct the offering to it's "off-shore" or foreign clients. Unfortunately, this is not a moment to be savoring delicious fried squid. This is a time to reflect on what this latest two week Squidco sponsored fiasco truly signifies. I submit that it signifies in bright Chinese neon, that the capital formation process in the United States is truly broken.