I should have called it a Private Placement Memorandum. Same concept, just a different term.
A lot more than a business plan is needed. They need to disclose all information about the company that is relevant to making an informed decision in the PPM. The standard of care is the same level as with a public offering.
a document that you nor any of us will ever see....imo
I never said it would be made public, just that I thought it would be interesting to see what they disclose.
I invested in a PP several years ago and recall that the PPMs were numbered so they knew how many were sent out and who had them.
Some MDGC shareholders may be "qualified investors" and I believe PPs can allow a small percentage of the amount being raised from non-qualified investors.
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