InvestorsHub Logo

MWM

Followers 1063
Posts 141582
Boards Moderated 14
Alias Born 03/31/2006

MWM

Re: Talc Moan post# 20009

Wednesday, 07/31/2019 10:39:40 AM

Wednesday, July 31, 2019 10:39:40 AM

Post# of 59314
I reposted this info from the 10Q last night. Funds really can't buy in yet, I was always hoping there was some loophole for a small fund to get in but clearly there is no way for a Fund to have less than $5 million in assets! We are seriously sitting on a Goldmine! Thanks again for the pep talk yesterday Brother!

We are a “penny stock” company, as our stock price is less than $5.00 per share. None of our securities currently trade in any market other than the grey market and, if ever available for trading, will be subject to a Securities and Exchange Commission rule that imposes special sales practice requirements upon broker-dealers who sell such securities to persons other than established customers or accredited stockholders. For purposes of the rule, the phrase “accredited stockholders” means, in general terms, institutions with assets in excess of $5,000,000, or individuals having a net worth in excess of $1,000,000 or having an annual income that exceeds $200,000 (or that, when combined with a spouse’s income, exceeds $300,000). For transactions covered by the rule, the broker-dealer must make a special suitability determination for the purchaser and receive the purchaser’s written agreement to the transaction prior to the sale. Effectively, this discourages broker-dealers from executing trades in penny stocks. Consequently, the rule will affect the ability of purchasers in this offering to sell their securities in any market that might develop therefore because it imposes additional regulatory burdens on penny stock transactions


Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.