ProGreen US Inc. (fka PGUS)

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What Happens When Filing Form D vs. Not Filing?
If you qualify to use Form D when selling securities, your choice of whether to do so or not can lead to huge differences. Here are just a few examples:

A company wants to keep its investors confidential, so it registers with the SEC instead of filing Form D. By doing so, they must now learn the registration laws of every state they do business in and file the appropriate paperwork. Some states require a similar form, but anyone filing Form D will have a much easier time with state law.

A company decides to seek an exemption other than under Regulation D. They will again have to figure out state law, and the filing process will be much more complicated than simply filing Form D.