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Re: Millions242 post# 21707

Thursday, 06/21/2018 6:55:30 AM

Thursday, June 21, 2018 6:55:30 AM

Post# of 21990
Good dd . Kind of blows your reverse merger out . Dont need accredited investors if you plan on being a public company .

An accredited investor is a person or entity that can deal with securities not registered with financial authorities

Unlike with publicly traded stock, where the exchange handles matching up buyers and sellers, you'll have to do your own legwork to find a buyer for privately held stock. To comply with SEC regulations, a company must be willing to provide substantive disclosures to potential investors, including certain financial statements as well as other non-financial information.

If the company isn't willing to do so, then you can only sell to what the SEC calls an accredited investor. This includes directors or executive officers of the company, as well as any individual with a net worth of more than $1 million or annual income of $200,000 or more for individuals or $300,000 or more for couples in each of the past two years.
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