Re: Existing Security Holder Prospectus Exemption
in response to
by
posted on
Dec 14, 2020 04:32PM
,,Golf,,no doubt there are loop holes of sorts or other,, I was contacted by a company two years or so ago giving me the op to be part of their PP. The paper work they sent was clear that I needed to be accredited and substantiate my $1+ million investment portfolio along with my income being above $250,000/annually....which I just couldnt meet of course. Dont know about other loop holes,,,,,the paper work read as if Canadian Securities could enforce liability on the company and would hold them responsible for any loss to a non-accredited entity,,thats what I got out of it with my grade 10 head.....so..
The point maybe that the company gets to set certain protocol which it is willing to accept but liability would limit that and if of any size be a hard pill for the company to swallow!!