Thursday, January 23, 2020 9:24:35 PM
He did answer a few questions that seemed relevant and gave a little insight into this Reg A+
I asked about the vetting process and was assured that they do thorough due diligence on all companies they work with.
I asked if they refuse to take on any Reg A's his response was "Yes we do. Many."
Cloud did not opt to "test the waters", an option provided by MSC before a company commits substantial capital to start the process, about $250k in this case.
And Cloud was not required to do an audit of the offering.
An interesting form of payment, MSC takes upfront fees in the form of preferred shares offered in the Reg A+. They then have an option, as any investor in this offering does, of either selling the shares or holding on to them.
Rod owns a venture capital company as well.
Some things I will keep to myself, maybe until after tomorrow LOL, but what my take was on this exchange was that MSC has confidence in both a successful Reg A+ and in Cloud Commerce as a whole.
I am actually considering investing in the offering, like the $30k+ I have already invested isn't enough! hahaha I've been like a shopping addict with a drinking problem. What are all these boxes doing on my porch! 15+ mill so far.
Even more anxious now to see the first closing numbers!
CLWD!!
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