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Monday, April 18, 2016 10:35:45 AM
I suspect they may have recorded those of us who purchased through retail brokerage accounts as non-accredited investors. However, the Menon and Ehrlich family members would likely have been recorded as accredited investors. Further, their language states that each of us are "capable of evaluating the risks of the investment."
Hence, including the Menons, Ehrlichs and who knows how many investors in LAT Pharma (who would have had to be "qualified" to invest in a private company) I assume we have more than 35 holders in total.
All speculation on my part as to numbers. When a company starts up, perhaps even before the founders start selling shares to qualified investors, they are allowed to raise funds from what we refer to as the three "fs," friends, family and fools. Only time will tell what category we each may fall into.
All I say is IMHO and not to be construed as investment advice. I know nothing, as informed frequently by my wife.
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