"We have incurred operating losses in the past, expect to incur operating losses in the future, and may never achieve or maintain profitability."
I don't even know what we legally define as a scam anymore when companies that project running in the red forever file for IPOs.
A scam is when you try to hoodwink someone. This is more like the Pet Rock. It's very clear what you're buying if you decide to take that leap. It's actually a little refreshing to have someone say, "we have absolutely zero chance of ever turning a profit. Can we have some money, please?"