InvestorsHub Logo
Post# of 112680
Next 10
Followers 99
Posts 3861
Boards Moderated 1
Alias Born 02/17/2014

Re: lesgetrich post# 111575

Friday, 08/12/2022 2:27:16 PM

Friday, August 12, 2022 2:27:16 PM

Post# of 112680
Well, I used their own wording in their prospectus in regards to a arbitrary price, and judging by the current state of the financials and stock, $1 would be quite a reach, and likely unacceptable to the intermediary/broker in justifying such a price with Regulation CF. Imo paying multiple of ten is quite a reach since an accredited investor has the ability to simply just go through their broker and buy at a fraction, and they don’t have to hold their shares for a year.

I’ve always been a skeptic of this type of funding method because it’s fraught with manipulation, whereas a registered public offering is generally at a discount and somewhat close to where the stock is trading.

.......CB