Re: [Counterparty: BOMB] Adeally | sociable entertainment shopping
You're not really valuing this at $7.75 Million on $0.00 sales, are you?
...TL;DR: The offering price for the shares in this offering was arbitrarily determined by our management.
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In your SEC filing, you claimed that the minimum amount accepted from any outside investor is $5,000 USD. Does Counterparty even have a mechanism in place to enforce this? Can it enforce the restriction to sell only to 'accredited investors'?
... TL;DR: Full details had obviously not been worked out. ...
Regarding 'accredited investors': This is really a 2 way street. Investors are responsible for their decisions and Issuers are responsible for theirs.
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No. It is not a 2-way street. You have no mechanism in place to limit your offering to qualified investors, and thus are running afoul of relevant regulations.
Also, why are you using beta software as the shareholder ledger for your company?
...TL;DR: Yeah.
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Use of Proceeds
We will use the proceeds for general working capital, administrative expenses and for the implementation of our business growth strategy. However, there is no guarantee that we will receive any proceeds in connection with this offering.
We will use the proceeds for general working capital, administrative expenses and for the implementation of our business growth strategy. However, there is no guarantee that we will receive any proceeds in connection with this offering.
This is just a blanket statement stating that even though we are trying to raise funds we may not be able to raise funds for this offering. Sorry for any confusion.
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*Misread "social engagement" (wtf is that? a party?) as "social engineering."
This is another word for community involvement or anything socially related. For example:
- Integrating chat functions through Facebook or Twitter within each product auction listing.
- Reward systems involving sharing and posting via social networks
I like that "a party?". That would be great.
Gotcha. Gotta keep up with the neologisms. So you're basically putting these things up. right?
+trollbox?
Sounds solid.