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Re: ThoughtPower post# 10756

Friday, 01/18/2019 2:38:48 PM

Friday, January 18, 2019 2:38:48 PM

Post# of 12500
Their biggest fault is non communication I agree, but if they are planning on Regulation A+ funding like they said that takes time.

“Johns Creek, GA, June 28, 2018 (GLOBE NEWSWIRE) -- Sirrus Corp. (“Sirrus” or the “Company”) (OTC PINK: SRUP), an emerging cybersecurity solutions provider, is pleased to announce the Company’s formation of a new wholly-owned subsidiary, Digital Deadbolt Technologies, Inc. (“DDT”). Initial objectives for the Nevada incorporated subsidiary include the planned filing of a Tier 1 Regulation A exempt offering with the Securities and Exchange Commission (“SEC”), under which DDT would be permitted to raise up to $20 million from accredited and non-accredited investors in a 12-month period.”

Step 1 Manhattan Street Capital (MSC) helps you to decide, which funding method would be the best fit for your company, it depends on several different factors. Get legal advice on the details. We can recommend you to a securities lawyer. Select a marketing agency that will manage your 360° marketing campaign. We will introduce you to experienced marketing agencies. If the company's consumer appeal is not clear, we may recommend doing a RegA+Audition(TM) prior to the offering.

Step 2a The company decides if to use an underwriter/broker-dealer. MSC will make introductions to appropriate broker-dealers and underwriters, and advise the company on viable terms. If yes, contract with them.

Step 2b MSC introduces the company to Auditor with experience in Reg A+. The company selects, contracts, with the auditor and gets the audit underway. This item is critical path because the initial SEC filing cannot be started until the two-year audit is complete. Audit duration will depend on the structure and how new the company is. ~15 to 90 days likely.

Step 2c Audit underway, sign up marketing agency and legal service provider, they start preparation. Legal service gathers documents from you and begins preparing Form 1-A. Audit underway, sign up marketing agency and legal service provider, they start preparation. Legal service gathers documents from you and begins preparing Form 1-A.

Step 3a Form 1-A Filing with SEC, in parallel with the Marketing agency building the offering pitch on Manhattan Street Capital. SEC filing can take 90 days when conducted well with rapid responses to SEC questions. Work starts while the audit is ongoing. (The SEC qualification depends on several factors, it can take longer than the estimated time.)

Step 3b Marketing agency builds offering pitch on Manhattan Street Capital, video, PR, graphics, social media accounts, advertising.

Step 4 SEC Qualify filing and the company go live to investors through underwriter on MSC. Start the acceptance of capital. ~Audit+ 90 days

Step 5 First Closing when $ raise is sufficient, judged by the company if it exceeds SEC Qualified minimum. The initial escrow fund deposits are transferred to the company's accounts. The SEC will Qualify offerings with zero minimum in many cases.

Step 6 Marketing continues till you decide you have raised enough capital, but no more than the maximum $ the SEC approved. Say a further 3 months to get to maximum allowed. Maximum time allowed under one SEC filing is 12 months. The company may pause their offering and reopen during this time. ~Audit+ 160-180 days

https://www.manhattanstreetcapital.com/faq/for-fundraisers/what-timeline-for-reg-offering

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