RE:Yup ~ PP’s r very simple to participate in I wish it was simple. I explained I wanted to participate between $50,000 to $75,000 from my IRA. They then said I needed to transfer funds to a MAXIM IRA and purchase through them. So they sent me 3 forms. 1. A 4 page customer agreement which I found very confusing. 2. An IPO certification form which I didn't understand 3. A 2 page internal new account form for a natural person. Parts very confusing and no form or instructions on transferring funds from my Ameritrade IRA to a MAXIM IRA.
I know I'd get a discounted price and free warrants but it's just not worth the confusion and effort. And if I'm not participating because of the difficulty how many others are also not participating?
Then later today I got a call from a different person at MAXIM stating the company was reaching out looking for people to participate. Sounds like they're worried not enough money is being raised (just my speculation). I asked that person if they had a range of potential prices for the PP. He stated that while he had no range at this time it recently traded at $.405 C and these things are normally priced at a discount. Not what I wanted to hear.
Guess I'll just have to be satisfied with what I have and wait through the price drop and however long it takes to treat someone.