RE:Nope to US individuals in GB Royalty Rights Issuelumpy13 wrote: Only US institutional investors are qualified to pariticpate. US individual investors are screwed and will be diluted 50%.
Can we drop the politics and focus on GBR?
Hey lumpy,
Did you get this info from GBR directly? Is it institutional investors or accredited investors? Big difference there under SEC definition.
QIBs (Qualified Institutional Buyer) requires a net worth of $100 million. Good luck to those outside of Canada if that is the case.
My guess is that you have to be an Accredited Investor if you are outside of Canada in order to participate in purchasing unregistered securities under Regulation D exemption.
The threshold for a AI is $1,000,000.
https://www.ecfr.gov/cgi-bin/retrieveECFR?gp=&SID=8edfd12967d69c024485029d968ee737&r=SECTION&n=17y3.0.1.1.12.0.46.176