The pre ipo is "an opportunity for sophisticated investors only". What does that mean?my interpretation is "mugs" who can't see through the basic fact it is not a jet pack
The pre ipo is "an opportunity for sophisticated investors only". What does that mean?my interpretation is "mugs" who can't see through the basic fact it is not a jet pack
Sophisticated investors usually means instos or high networth individuals. The Geo-Op compliance listing had this as a requirement for allocation.
Truth is like poetry. And most people f*cking hate poetry.
Sophisticated investors usually means instos or high networth individuals. The Geo-Op compliance listing had this as a requirement for allocation.
The reason for this is legislative requirements. You can avoid a detailed prospectus if you only raise from from sophisticated investors so it is a money/time saving thing.
In theory these guys are not mugs - the mugs lost all their money in Ross ponzi scheme.
In theory these guys are not mugs - the mugs lost all their money in Ross ponzi scheme.
yup. $250, 000 in gross income or $2.5m in net assets these folks will have more sense. I can't see this pre ipo flying for a company that has been around 10 years and Glen in his back shed for 30 still with no sign of production let alone profit.
The pre ipo is "an opportunity for sophisticated investors only". What does that mean?my interpretation is "mugs" who can't see through the basic fact it is not a jet pack
Its for HNI's and insto's, it actually occurs with pretty much every IPO or 'pre-IPO' if you will.
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