SEC

“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.”

“I mean, with EI ventures, it took a year to get qualified.”

“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…”

“No, that doesn't matter. I mean, it really is in your business plan. It really is in how good the attorney at the law firm is that's doing this. And it's in how, you know, good you present the package essentially.”

“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…”

“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.”

“And we would have made a lot more money had I continued fighting, but that risk was out there of, you know, they could impose millions of fines and they could, these legal costs could continue to grow.”

“If you've seen that show billions, that, that New York AG in there, like they, there were some points of really extreme things that the SEC did that I'm not going to disclose. That is very similar to how they operate in billions. And it's quite unethical, but …”

“You don't have to file anything with the SEC until 15 days from the first day, from the first investment that you receive from your investor.”

“One of the ways that this really bubbles up is when your investors are not happy. They invested the money on you and now they're not happy with how the company's being run, that the company is not making money and so on. And that's when all this could surface …”