I believe that may be correct regarding the revenue range on the Reg D Filing. These were revisions made effective Sept. 15, 2008 for Reg D filings.
Revisions to Form D
The rule amendments reorganize the information requested in Form D that generally reflect the information currently requested on the form. The principal changes are:
• Date of First Sale: An issuer must specify the date of first sale or indicate that the first sale has
yet to occur.
• Length of Offering: Issuers must report whether the offering is expected to last over a year.
• Number of Investors: Issuers must disclose the total number of investors, including the number of non-accredited investors, if the issuer has sold or may sell interests to such non-accredited investors.
• Revenue Range Information: For issuers other than pooled investment funds, revised Form D asks the issuer to indicate in which of several specified dollar ranges its revenue for its most recent fiscal year falls. An issuer may indicate that this disclosure item is not applicable or may choose the “Decline to Disclose” option.
• Minimum Investment Amount: The only minimum investment amount information an issuer must now report on revised Form D is the minimum accepted from outside investors.
We will soon find out! Could we wee over a million in revenue on year end filing?
GLTA