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  1. #301
    Advanced Member robbo24's Avatar
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  2. #302
    Legend minimoke's Avatar
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    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

  3. #303
    Senior Member Whipmoney's Avatar
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    Quote Originally Posted by minimoke View Post
    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.

  4. #304
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    Quote Originally Posted by Whipmoney View Post
    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.

  5. #305
    Legend minimoke's Avatar
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    Quote Originally Posted by Harvey Specter View Post
    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.

  6. #306
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    And here we go again. Still struggling to raise the pre IPO round:

    http://m.nzherald.co.nz/business/new...ectid=11305899

  7. #307
    El Toro~
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    Quote Originally Posted by minimoke View Post
    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.

  8. #308
    Legend minimoke's Avatar
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    And heres the original thread

  9. #309
    Legend minimoke's Avatar
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    Someone should write a book

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