News Focus
News Focus
Followers 54
Posts 4165
Boards Moderated 0
Alias Born 07/03/2005

Re: Mr. Zen post# 5083

Wednesday, 01/22/2014 8:49:47 AM

Wednesday, January 22, 2014 8:49:47 AM

Post# of 35792

You should have $1 million in assets to take out a private placement, but if you have guts you can do it anyway... how many people on this board have $10k to invest in restricted shares..



I am not sure what "but if you have guts you can do it anyway" is supposed to mean. The agreement that you sign in order to buy the restricted shares contains a condition that you are an accredited investor. I would not suggest that people can falsify that information "if you have the guts."

At any rate, whereas I had fully intended to "double down" and buy 400,000 shares at .025, I am now fine with not doing so, since the price is approaching that pps on the open market. Why buy restricted shares for a price that is close to open market.

This company needs a solid contract.

Opti

Hebrews 11:6 And without faith it is impossible to please Him, for he who comes to God must believe that He is and that He is a rewarder of those who seek Him.

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today