InvestorsHub Logo

TJG

Followers 604
Posts 27844
Boards Moderated 3
Alias Born 06/20/2007

TJG

Re: Dj56 post# 3514

Tuesday, 06/04/2024 9:10:10 AM

Tuesday, June 04, 2024 9:10:10 AM

Post# of 4499
They have the buyer already, its not a sale for the open market even though it says if anyone on the open market wants to buy they have to spend a minimum of $10,000.00 The key on the investor is the section that says they are an accredited investor...which means they have already been vetted. There will be another filing once the transaction is done.

The price is the price that is available for what the amount of money the company has deemed it needs.. the price per share does not effect that and there is no discount on the price per share... what ever the price per shares is at the time of the deal you simply divide say .0125 into 22 million and thats the number of shares this person gets. .. they are, restricted shares. sold under rule 506-C

Here is the definition of that:

Search Labs | AI Overview
Learn more

Yes, securities sold under Rule 506(c) of Regulation D are restricted, meaning they can't be sold without registering them for at least six months or a year. This exemption is "transactional", meaning it only applies to the specific offer or sale of securities, and doesn't apply to the securities after the transaction is complete. To resell restricted securities, investors must file a registration statement or resell under an exemption