Basically you need net assets of at least $2.5 million, or a gross income for each of the last 2 financial years of at least $250,000. If you Google the term you can read more about it. What frustrates me is I see these private placement deals where an accredited investor is able to get a better deal than me on a stock I already own. For example, a long time ago I bought stock in a Canadian-based e-commerce software company for around .21 cents per share. I did not own a lot, but it eventually went into the dollars range and I made a very nice return. But what amazed me was the private placements that were being made that I could not get into where the participants were able to buy the same stock I was buying, but they were also getting stock warrants with the option to buy additional shares in the future at a ridiculously low price assuming the stock price went up. I tried to get in on one of them and first thing they asked me was if I was an accredited investor and I had no idea what they were talking about and that was the end of that. After the stock went up I sold it and was able to pay for a semester of school. Then the company tanked and is no more. The company was called Sideware Systems and the software they sold was called "Mr. Bean". I'm actually glad I got out when I did. It was a great opportunity, but not a great product. There was nothing unique about it and there were too many competitors that popped up. That's where I see the difference between that and KBLB. It seems we have a great product and our method seems unique and we only seem to have few competitors who aren't doing much. I dunno. Been waiting for years for this one to breakout of pennyland.
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