from my perspective, here are the two main points we learned about the reg A+ process.
1) if they don't have an established way to ensure stocks will be accepted by brokers, there will be a huge run on on price when they go live. a big part of the run up to 75 was an artificial supply restriction... because many of us could not find a broker to sell them through. when you paid 12 and the offer is 40, most people would sell... it never would have gotten to 75 if people had the stocks ready to sell. the people who made those huge lumps of cash were the ones with dedicated brokers. we will have to see if this one holds true, after the learning from ELIO, but i suspect they won't have an established means to ensure stocks are sell-able unless the regulations get updated. (the easiest way seems to be to not use a transfer company, but an actual brokerage where everyone gets an account when they buy into the offering)
2) the stock offering is done in a crowdfunding method.... this means that the people who buy the majority of the stock are people who believe in the company and it's vision more than traditional investors. they are disproportionately long term investors. since such a large percentage of the stock ends up in the hands of people who are what i would call "true believers" the bulk of them will not sell for a dropping value. this keeps the stock value from dropping, when every analyst and professional investor thinks it should.
