RE:RE:RE:RE:RE:Big FISH CIRCLING
there are lots of links specific to the regulatory guidelines that understand this better than me (admittedly an amatuer) but a PP requires I feel a prospectus exemption, which in turn delivers a diff risk profile, viz the need for a different or specific investor class. For a share or a unit to sell on an open market it must meet much more stiff disclosure and reporting thresholds, all to keep the market efficient as possible and protect the investor.