Replies to post #6019 on Arista Power, Inc. (ASPW)

[Jersey Dude]

There seems to be a lot of confusion about the Form D. Section 13 of the Form D very clearly says that the DOLLAR amount of the offering is $1.5 million.

13. Offering and Sales Amounts

Total Offering Amount $1,500,000 USD
Total Amount Sold $645,000 USD
Total Remaining to be Sold $855,000 USD

Section 16 says:

Provide the amount of the gross proceeds of the offering that has been or is proposed to be used for payments to any of the persons required to be named as executive officers, directors or promoters in response to Item 3 above. If the amount is unknown, provide an estimate and check the box next to the amount.

Arista answered $250,000. $1,500,000 minus $250,000 is $1,250,000 that is left for "other stuff" other than paying execs, which I think means revenue generating items.