Quote from: rickC137 on April 29, 2018, 09:02:48 PM

So you aren't going with CoinList for your RegD? I've heard they are a tough nut to crack regarding platform... very selective regarding which coins they will list.

My understanding is that StartEngine will allow crypto for Reg D and the A+, so why move platforms? Is it to access a "different" list/set of investors? If so, I guess that makes sense.

Regarding ending the CF, I guess I'm not sure why you would unless:

1. The SEC frowns upon having two different types of offerings happen at the same time for the same entity

or

2. You are looking to free up the 6% holdback for chargebacks, which in your case is only around $30k...

Just seems like leaving the door open might yield some additional investment... but looking at your progress, it seems that the bulk of the funds were raised in the first 30 days...

Whoops, didn't mean to strike the Reg D talks.

StartEngine does allow for crypto in Reg D and A+.

1. The SEC does allow concurrent offerings, though concurrent offerings with different terms could be a potential headache.

To that point though, we were nearing a little conundrum... Section 12(g) of the Securities Exchange Act of 1934. While the JOBS Act did address the threshold for security registration we currently estimate as many as 400-450 of our investors of the ~500 are unaccredited. If we extended, and reached our Reg D goal it's feasible that we would have 500 unaccredited investors in addition to total assets in excess of $10 million.

This would prevent us from using an exemption from registration, instead requiring us to register our security. This would be a massive financial burden on the company.
More information here: https://www.sec.gov/info/smallbus/secg/jobs-act-section-12g-small-business-compliance-guide.htm