Elio Crowdfunding

[Ty]

 

[bowers baldwin]

 

[AriLea]

So, according to Ty's chart ( thank you for reposting it ) they could go for a full 50mil from A+ ( Reg A-Tier2 ), and anything more that they want and can get from 506c. I assume they have to disclose to the A+ their intension to get the full 240mil investment be it loans or investments, and under what conditions and variables.
I am standing by the idea that all future investors are encouraged by each increment actually acquired ( in real cash ) towards the 240mil total, and of course other milestones crossed.

 

[Ty]

So, according to Ty's chart ( thank you for reposting it ) they could go for a full 50mil from A+ ( Reg A-Tier2 ), and anything more that they want and can get from 506c. I assume they have to disclose to the A+ their intension to get the full 240mil investment be it loans or investments, and under what conditions and variables.
I am standing by the idea that all future investors are encouraged by each increment actually acquired ( in real cash ) towards the 240mil total, and of course other milestones crossed.

You are probably right on that last statement. There have to be people thinking "All those people can't be wrong. I better get in on this now."

 

[AriLea]

In 7 people we have now $90k added. That used to be suspicious but now, nobody knows for sure. Who knows?, It could be exuberance by general investors wanting to have a foot in the door.

I'm definitely going to look less between now and late next week. Statements after the Summit meeting, that I'm going to follow closely.

 

[Chris F]

Some of this is not correct. The Offering Circular must be filed with the SEC well before (no less than 21 days) before qualification. No sales can be made before SEC qualification, however long that takes. The issuer has to deliver the Offering Circular to an investor at least 48 hours before taking the investment. The SEC does not "approve" offering documents; it reviews for compliance with their rules.

 

[Chris F]

You are probably right on that last statement. There have to be people thinking "All those people can't be wrong. I better get in on this now."

Unless the securities being sold are substantially different, they probably wouldn't continue the 506(c) once the Reg A is qualified. They will have to disclose the terms of the 506(c) to the Reg A investors. If they are selling stock at $1 a share to the 506(c) investors and $2.50 to the Reg A investors at the same time, they would have to justify that somehow.

 

[Ekh]

This is GREAT! I'm surprised to learn that 506c campaigns do not require audited financials, whereas Reg A+ (our gang) do. Also 506c investors have to hang on to their holdings for at least 1 year, while other classes can get out of their holdings any time (if they have a way to do so).

 

[bowers baldwin]

 

[bowers baldwin]