"I'm skeptical whether all of these accredited inv
Post# of 43066
Posted On: 04/04/2014 12:01:55 AM
Re: PaperProphet #6687
" I'm skeptical whether all of these accredited investors really meet the criteria or whether they just signed saying they were."
I guessed right.
From http://www.osc.gov.on.ca/documents/en/Proceedings-SOA/soa_20140401_bordynuikjw.pdf dated a couple of days ago (April 1, 2014) and apparently posted today.
"It appears that the majority of the Ontario investors were not in fact accredited investors. Bordyuik’s reliance upon that exemption was inappropriate."
So there you go. If anyone wants to participate in the latest offering, they can just lie and say they're accredited and pay $25k for 250,000 shares ($0.10 each) plus receive warrants to buy another 250,000.
I guessed right.
From http://www.osc.gov.on.ca/documents/en/Proceedings-SOA/soa_20140401_bordynuikjw.pdf dated a couple of days ago (April 1, 2014) and apparently posted today.
"It appears that the majority of the Ontario investors were not in fact accredited investors. Bordyuik’s reliance upon that exemption was inappropriate."
So there you go. If anyone wants to participate in the latest offering, they can just lie and say they're accredited and pay $25k for 250,000 shares ($0.10 each) plus receive warrants to buy another 250,000.
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