$VXIT Exactly would be no need for this question if the offering was locked in at .002!!
Does the issuer intend to price this offering after qualification pursuant to Rule 253(b)? X Yes
And then consider this Question: Will the issuer be conducting a best efforts offering? X Yes
What Is Best Efforts? Best Efforts Offering: Everything You Need to Know A best-efforts offering is a contract where a securities underwriter guarantees to make their best effort in selling as many securities as possible A best-efforts offering is a legal obligation between the underwriter (most likely an investment bank) and the business issuing stock, which the underwriter will put in their best effort to get the highest selling price as possible.
PART II — INFORMATION REQUIRED IN OFFERING CIRCULAR (the “Offering”). This offering is being made on a best-efforts basis. There is no minimum number of shares that must be sold by us for the Offering to proceed.