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Re: ADVFN_franknstein post# 67035

Saturday, 08/05/2017 6:20:01 PM

Saturday, August 05, 2017 6:20:01 PM

Post# of 81742
"Is David Feldman a new member of the BOD or should people now believe that Alonzo will file a Reg A+ for capital raising/crowdfunding purposes after the idea of audits and S-1 was kicked down the road?"

Does he think that tweeting buzz words and dropping names will carry the day here?

I watched the clip. Small Cap Nation is a pay for play, one hand washes the other interview company so it's more promotion than hard fact. The fancy lawyer who is marketing his firm's services in the clip actually gets an important...and very relevant...issue wrong when he says that one of the things protecting investors in Reg A offerings is audited financial statements. There are two tiers in Reg A: Tier 1 allows financings up to 20 million but DOESN'T require audited financials (Tier 2 does and has a 50M limit). There are plenty of other requirements for either tier that we know the Tweeter has no intention of ever meeting so I expect that I've already spent more time on the subject than he ever will spend on a filing, whether that be Reg A or S-1.

That said, the clip is interesting if not 100% reliable. A little like someone we know's Twitter account.
If you want to know the real scoop on Reg A:
https://www.sec.gov/info/smallbus/secg/regulation-a-amendments-secg.shtml

But can it core A apple?
Yes Ralph, of course it can core A apple.