The Ledger, every show

“So the regulation crowdfund, you are either only able to raise one point oh seven million if you don't have audited financials or five million if you do have audited financials.”

“Now a Reg A to get it actually, so another difference between Reg CF and Reg A is that a Reg CF does not get qualified by the SEC. It's what, it's what's called a an exempt offering.”

“You know, companies can spend anywhere from 25 all the way up to a 100,000 dollars I've seen to get an audit, depending on how complex their books and their financials are.”

“Number two, you have to file what's called a form one A and a form one A is basically what the that the filing document that the SEC will review. And you know, that can cost again, depending on how complex the business is and how complex the offering is, you k…”

“I think there's somewhere around an 87 and 91% of reg A's that actually get to the point where they're filing with the SEC that get qualified. Don't hold me to that exact number. It might be different from the last time I checked, but I think it's somewhere ar…”

“You can't have that with a Reg A or even a Reg CF. The company has to be incorporated inside of the US for you to use any either one of these types of offerings. The team can be outside of the US but as far as the actual company has to be in the operating comp…”

“There are transfer agents that are out there that are already digitizing securities on the blockchain, which I think is something that, again, from a record standpoint, from a record keeping standpoint is great.”

“So I basically formed another business and you know, sold a 100,000 paying subscribers to that business and there was nothing they could do about it.”