(Total Views: 771)
Posted On: 03/23/2017 9:53:04 AM
Post# of 41414
OK...Please help me understand something..What happens here? I found BLTA selected rule 506 b in their SEC filing ...
Rule 506(b) exempts an issuer of securities from registration under the Securities Act for offerings of an unlimited size. To qualify for the exemption, the securities may only be offered and sold to accredited investors and up to 35 non-accredited investors who meet certain sophistication requirements (such as being officers or directors of the company selling securities). Under Rule 506(b), the issuer may not engage in general solicitation of the offer and must have a reasonable belief that the purchasers are accredited investors or sophisticated, non-accredited investors.
Does this mean if you are not an accredited investor you cant invest in BLTA?....And what if I already have shares in BLTA....What would happen (if anything) to those shares?
Rule 506(b) exempts an issuer of securities from registration under the Securities Act for offerings of an unlimited size. To qualify for the exemption, the securities may only be offered and sold to accredited investors and up to 35 non-accredited investors who meet certain sophistication requirements (such as being officers or directors of the company selling securities). Under Rule 506(b), the issuer may not engage in general solicitation of the offer and must have a reasonable belief that the purchasers are accredited investors or sophisticated, non-accredited investors.
Does this mean if you are not an accredited investor you cant invest in BLTA?....And what if I already have shares in BLTA....What would happen (if anything) to those shares?
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