500 shareholders and over, saw a post on the other

500 shareholders and over, saw a post on the other board about this and it's WRONG

  is in violation of SEC reporting requirements as he has over 500 shareholders. That is just a fact.

read the article here http://investorshangout.com/post/view?id=32505

The JOBS Act includes provisions that:  

On April 5, President Obama signed the Jumpstart Our Business Startups Act

• Eliminate the prohibition on general solicitation related to private offerings


• Raise the Regulation A offering threshold from $5 million to $50 million


• Raise the shareholder threshold requiring mandatory SEC registration from 500 holders of record to 2,000 holders of record (as long as less than 500 of those holders fail to qualify as accredited investors)


• Create a “crowdfunding” exemption, allowing companies to raise up to $1 million over 12 months from an unlimited number of investors, each limited to an investment of $10,000 or 10% of their annual income or net worth, whichever is less


• Reduce the cost and regulatory burden of going public for “Emerging Growth Companies,” defined as companies with less than $1 billion in annual revenue, by providing an exemption from periodic SEC filing requirements, most notably compliance with Sarbanes-Oxley rules


• Increase flexibility for broker-dealers to issue research reports on emerging growth companies

$TYTN