Replies to post #36990 on Lightwave Logic Inc (LWLG)

[th6565]

Mcfish, I think I pick up "accredited shareholders" from this Board.

X probably would explain the background much better than me. I will try anyway.

In old day before LPC, LWLG would raise funds through private parties, so called Private Placement. I think there were certain financial requirements to meet before someone could be selected.

People participated in Private Placement would get LWLG shares plus certain # of options/ warrants at preset price.

[terry hallinan]

"An accredited investor is a person or entity that can deal with securities not registered with financial authorities by satisfying one of the requirements regarding income, net worth, asset size, governance status or professional experience. The term is used by the Securities and Exchange Commission (SEC) under Regulation D to refer to investors who are financially sophisticated and have a reduced need for the protection provided by regulatory disclosure filings. Accredited investors include natural individuals, banks, insurance companies, brokers and trusts."

This is from Investopedia.

Wikipedia puts the minimum worth of an individual at one million dollars in the U.S., excluding a residence to qualify.

Best, Terry