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Re: OilGuy2 post# 18440

Sunday, 01/13/2019 1:51:35 PM

Sunday, January 13, 2019 1:51:35 PM

Post# of 19131
It looks like a well-done article that is pointing out a common problem in the industry. Even worse than that scenario are stories of what have been done with joint venture partnerships. But I do not understand about the article is how they said that somebody making $10 an hour can qualify as an accredited investor. This seems to fly in the face of the clear rules. There was another story about the engineer who didn’t have $1 million and somehow he invested as well. All legitimate company will only offer oil and gas investments to accredited investors, which means $1 million. Nobody makes $10 an hour is an anywhere close to that threshold.

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