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Re: z_smith post# 38570

Monday, 03/11/2019 6:08:39 PM

Monday, March 11, 2019 6:08:39 PM

Post# of 233121
Z_smith: Regarding your reply to Grip It, you mention he should do a PIPE without explaining what that is. You need to be an 'accredited investor' and represent that your net assets are worth over $1 million or that you've earned $200k+ for the past 2 years. I say 'represent' because my Paulson broker never verified my claim of having > $1 million of assets. And PIPE stands for Private Investment for a Public Entity. Paulson has been raising funds via these dilutive PIPEs where as you know require a minimum purchase (it might be $50k or more) and come with warrants...I believe the latest one gives you .5 warrants for each share.
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