I don't understand what I read about letting some
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Quote:
I don't understand what I read about letting some buy in at $.25, but maybe someone can explain that.
I'd like to explain the above a bit because I've been asked about it privately, I've responded to some privately and think all should really know this. I know about it just a tad because I invested in these OTC PIPEs or offerings a couple of times in 2014.
If you get the presentation/prospectus from Kizmet, you'll find out there's a minimum investment if you want to buy in before the IPO or by that Jan. 15th deadline.
Can't remember what I saw in their offering documents but usually it's a $25,000 investment ... 100,000 shares at .25 and this is open to "accredited" investors meaning you make $1M income or have assets valued at $2.5M or something like that.... it's also open to "family and friends" whatever that means in this case.
As I mentioned and FYI, I have invested like this through so-called PIPE offerings twice (two different OTC companies in 2014) and I have yet to see either my full funds back, a penny of it back or lol a penny extra... one appears to be a total loss at this point and the other will likely go that route, and btw it was much more than the min. $25k in each company). Of course I feel stupid and taken... I can't say this Kizmet offering is or would be the same but I am not willing to take that 'gamble' with something like this again. In any case, good luck to anyone who opts to get in with it ...
I'm just looking forward to Univec (unvc) coming through... would surely make up for my huge financial losses in OTC the past decade I've been in... I don't believe I'll even look at another otc should unvc work out like we think.
On another note, this board is off the charts with postings but glad we still have life here...
I had always thought getting PINK CURRENT was the most important thing necessary and that was achieved on Sept. 29th... whether the new SEC reg forced Dr. Dalton's hand doesn't even matter. What's now important, to me, is for him to reveal what I have my money invested in... he MUST put out an 8-K or even a PR will do at this point to let all shareholders know what they are invested in. Another quarter is over, it's been more than three months since being CURRENT and a year-end or annual filing is due by end of March-early April... so, I wait to see...
Please forgive excess verbiage.
May one and all have a healthy happy new year!