Elio Crowdfunding

[bowers baldwin]

 

[LillyMayPatterson #1685 & #5648]

I wonder how long Start Engine is going to run this 'test the water'. Any body hear?

 

[Ekh]

I wonder how long Start Engine is going to run this 'test the water'. Any body hear?

Until Elio tells them to stop. In his interview for Forbes magazine last week, Paul said they'd keep it going until they filed the SEC papers, which would be in a week or two. As long as they're generating a million or so every week, seems like a good idea to leave it up as long as possible.

 

[bowers baldwin]

 

[LillyMayPatterson #1685 & #5648]

I found this interesting.
http://www.crowdfundinsider.com/2015/03/65172-fact-sheet-regulation-a-title-iv-of-the-jobs-act/

clip: Both tiers would be subject to basic requirements as to issuer eligibility, disclosure, and other matters, drawn from the current provisions of Regulation A. Both tiers would also permit companies to submit draft offering statements for non‑public review by Commission staff before filing, permit the continued use of solicitation materials after filing the offering statement, require the electronic filing of offering materials and otherwise align Regulation A with current practice for registered offerings.

Hey EKH, 'use of solicitation materials'? Is that using this 'testing the water' gig?
Early Night. Good Night Friends

 

[Ekh]

I found this interesting.
http://www.crowdfundinsider.com/2015/03/65172-fact-sheet-regulation-a-title-iv-of-the-jobs-act/

clip: Both tiers would be subject to basic requirements as to issuer eligibility, disclosure, and other matters, drawn from the current provisions of Regulation A. Both tiers would also permit companies to submit draft offering statements for non‑public review by Commission staff before filing, permit the continued use of solicitation materials after filing the offering statement, require the electronic filing of offering materials and otherwise align Regulation A with current practice for registered offerings.

Hey EKH, 'use of solicitation materials'? Is that using this 'testing the water' gig?
Early Night. Good Night Friends

Not exactly, Lilly May. As I read it this means that you can continue using solicitation materials after you've filed the offering statement (the SEC filing we're all waiting for). So though it's no longer "testing the waters", this campaign can remain active. In addition, after filing, the company can actively solicit the people who've expressed interest both before and after the formal filing. I don't know whether they'll be permitted to "cold call" other people who have NOT expressed interest, via this campaign or some other campaign. I think not, but am not clear on it. Have a nice night.

 

[bowers baldwin]

 

[bowers baldwin]

 

[AriLea]

.....permit the continued use of solicitation materials after filing the offering statement, ..... Early Night. Good Night Friends

113% Reserved $28,399,810
Only 101k left to reach 114%.
Just my guess on their thinking, I would think EM is trying to give it a chance to justify asking for the max. What they are finding out right now is how long it would take to obtain the residual after all reservations are 'satisfied'.
And you know too, this must consider what the effect of both a 'go ahead' from the SEC plus a P5 completion would do.

 

[bowers baldwin]