DD Support Board and Research Team

[ccsykes]

Why not just use Rule 506?

We're using Rule 506c. We could use Reg A+ as we're still a 15d filer (voluntary). Most reporting issuers however couldn't. So I agree 506 is better, but I do see the interest in a Reg A+.

Personally, I think the SEC needs to scrap the entire Securities Act's and start from scratch. They're just too cumbersome and don't merge with modern communications or systems.

Also, it's not likely, it's required to report under Reg A+. The benefit however is that you only need to report twice a year, instead of four times. You also don't need a PCAOB auditor, or must do all that XBRL crap.

There are some benefits to Reg A+. The reduced reporting requirements when combined with Rule 144 shares, would provide a low cost alternative for a secondary market on the OTC.