I don't think that is what Gerald meant (unless yo
Post# of 30027
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Posted On: 01/29/2020 2:49:49 PM
I don't think that is what Gerald meant (unless you live in NY or outside the US).
The Reg A offering is set up under securities exemptions dependent on the offering being made only to residents of NY or outside the US.
Makes me think maybe he has investors lined up. If they can't complete the offering with those investors, they will open it up to others.
From the offering circular:
"Management will make its best effort to fill the subscription in the state of New York and with non-US investors. However, in the event that management is unsuccessful in raising the required funds in New York or with non-US investors, the Company may file a post qualification amendment to include additional jurisdictions that management has determined to be in the best interest of the Company for the purpose of raising the maximum offer."
The Reg A offering is set up under securities exemptions dependent on the offering being made only to residents of NY or outside the US.
Makes me think maybe he has investors lined up. If they can't complete the offering with those investors, they will open it up to others.
From the offering circular:
"Management will make its best effort to fill the subscription in the state of New York and with non-US investors. However, in the event that management is unsuccessful in raising the required funds in New York or with non-US investors, the Company may file a post qualification amendment to include additional jurisdictions that management has determined to be in the best interest of the Company for the purpose of raising the maximum offer."
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