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Friday, May 02, 2014 10:00:40 PM
The Offering
The Company is seeking to obtain investment commitments for up to $5,500,000 from Illinois residents who are “accredited investors” (as that term is defined in the Securities Act of 1933, and the rules and regulations promulgated thereunder (the “Securities Act”)). The Company intends to offer preferred membership interests in the Company (the ‘Shares”) which have the rights described below. The Shares will be offered on a "minimum/maximum" basis, with a minimum raise of $4,500,000 required in order for the Company to proceed with the project. The Shares will be offered for sale at an offering price of One Dollar ($1.00) per Share, with a minimum subscription from each investor of 200,000 Shares (i.e., $200,000). Each investor will be required to contribute six percent (6%) of his/her total commitment at the time of his/her initial subscription, with the remaining commitment callable, in whole or in a series of draws, by the Manager upon not less than five (5) days’ notice. The Company is offering the Shares without using a broker/dealer. The Company does not intend to offer fractional Shares but may do so in the Manager's sole discretion.
I know these guys. A good group, whose core business is largely in commercial real estate, investment sales. Solid capital.
Perlowin might not be baking the pie, but rest assured he will take a big piece. Big market beginning, and we are lucky to witness.
CHEERS!
LONG HEMP. GLTA.
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