Bravada International Ltd (BRAV)

[levitateme]

Are you playing word games, Levitate?

no, are you? because i don't see anywhere in that PR the words "unsophisticated investor," that you just said was in there.

the PR states that BraVada is looking to uplist to attract a "sophisticated class of institutional investor"

and in case you missed this post, which explained to everyone what the actual investment term and class of investor "sophisticated investor" means, i will repost it:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=60701692

Investopedia Definition - Sophisticated Investor:

http://www.investopedia.com/terms/s/sophisticatedinvestor.asp

There is the definition and explanation..it is an actual term and class of investor..so how people could take the company wanting to attract institutions as an insult is beyond me..point being.. wanting to attract sophisticated investors is not an insult to retail investors.

Sophisticated Investor

What Does Sophisticated Investor Mean?
A type of investor who is deemed to have sufficient investing experience and knowledge to weigh the risks and merits of an investment opportunity.

For certain purposes, net worth and income restrictions must be met before a person can be classified a sophisticated investor. The distinction makes an investor eligible to buy into certain investment opportunities, such as pre-IPO securities, that are considered "non-disclosure" or "non-prospectus" issues. Typically, a sophisticated investor must have either a net worth of $2.5 million or have earned more than $250,000 in the past two years to qualify.

Investopedia explains Sophisticated Investor
Sophisticated investors may have to prove their net worth prior to being eligible to purchase certain security types. Investors will often have their personal accountants send this proof to the brokerage firm. Sophisticated investors are the dream clients of most financial services firms, as they generate much higher fees than retail investors.

Certain assumptions are made about sophisticated investors: that they can hold their investments indefinitely (the funds do not need to be liquidated for cash needs), and they can assume a total loss of investment principal without causing severe damage to their overall net worth.