Sunday, November 04, 2018 11:33:30 AM
http://www.finra.org/investors/alerts/private-placements-risks
This question in particular should be asked on the FB page.
Ask whether the private placement is being sold on a conditional or contingency basis. These types of private placements are designed to be concluded only when certain conditions are met, such as a specific dollar amount invested by a given date. If so, there should be specific information regarding whether the proceeds from sales of securities received prior to the contingency being satisfied may be accessed by the issuer. If any specified conditions or contingencies are not met, the offering document should clearly state that investors will be refunded their investment amount. If there are no contingencies, be wary. An offering that may proceed without a minimum level of investments or other conditions could be a red flag, as the issuer can use the proceeds immediately, regardless of the amount raised from other investors.
You can lead a horse to water. But you can't make him get down on one knee and do an Al Jolson impression!
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