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Started By
Message
Private Placement Memorandum
Posted on 4/21/14 at 8:26 am
Posted on 4/21/14 at 8:26 am
Does anyone have any experience investing via PPM?
I have an opportunity to invest early in a company but I am unsure what the exit(sell) process is. I can't click the sell button so will I have to file with the SEC to sell?
I have an opportunity to invest early in a company but I am unsure what the exit(sell) process is. I can't click the sell button so will I have to file with the SEC to sell?
4
Posted on 4/21/14 at 9:15 am to Bob Sacamano
Accredited investor placement?
Posted on 4/21/14 at 10:18 am to Iowa Golfer
Yes
Posted on 4/21/14 at 11:35 am to Bob Sacamano
I did this, and they were pretty clear that there was no way to immediately liquidate. That I could see my shares through them if I so desired but it might take a year plus.
Why not just ask?
Why not just ask?
Posted on 4/21/14 at 11:37 am to Hawkeye95
Ask, but I can tell you liquidity is an issue. That's not to say it might not be a great investment.
Posted on 4/21/14 at 3:27 pm to Bob Sacamano
What does the PPM say? As others have already said, liquidity is going to be an issue since it is a private placement.
Do you meet the suitability requirements for investing in a private placement?
Do you meet the suitability requirements for investing in a private placement?
Posted on 4/21/14 at 5:02 pm to Mo Jeaux
I should get the PPM tomorrow. I will update when I have the info. I was asked if I wanted too invest over the weekend.
Yes, I fit the requirements. That's why they asked me to invest. It's a high risk deal but if they execute, it'll be huge.
I absolutely trust all involved. Very smart group. So at this point I figure, the real risk is losing out on this opportunity.
Yes, I fit the requirements. That's why they asked me to invest. It's a high risk deal but if they execute, it'll be huge.
I absolutely trust all involved. Very smart group. So at this point I figure, the real risk is losing out on this opportunity.
Posted on 4/21/14 at 5:50 pm to Bob Sacamano
What type of deal is it?
Posted on 4/21/14 at 5:52 pm to kaaj24
I've participated. A casino before it had a gaming license, some assisted living facilities and hog confinement buildings. All have worked out ok except the casino for me.
Posted on 4/21/14 at 5:59 pm to kaaj24
Medical devices. They are waiting for FDA approval for an imaging device. They have hired the top FDA guy to get it through. Also need funds to help pay for lawyers, etc to get ready to go public.
Aparently GE is interested in the some of the technology.
Aparently GE is interested in the some of the technology.
This post was edited on 4/21/14 at 6:00 pm
Posted on 4/23/14 at 8:26 pm to Bob Sacamano
Update: Restricted Shares.
I have to hold them for a year. So I have a year to figure it out.
They'll go public at the end of the year so that should make it easier.
I have to hold them for a year. So I have a year to figure it out.
They'll go public at the end of the year so that should make it easier.
Posted on 4/23/14 at 11:43 pm to Bob Sacamano
enjoy the 180-day post IPO lock up as well
Posted on 4/24/14 at 10:16 am to Bob Sacamano
quote:
They'll go public at the end of the year so that should make it easier.
You mean "they" have expressed in writing their intention is to go public or possibly sell to a third party entrenched in the space IF things are proved out and approval is obtained, which is never an easy thing nor quick. Whether any of the above actually happens remains to be seen, smart guys or not. Been there, done that.
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