LawTalkers
Page 11 of 334 « First 910 11 12132161111 Last »
Show 40 post(s) from this thread on one page

LawTalkers (http://www.lawtalkers.com/forums/index.php)
-   The Fashionable (http://www.lawtalkers.com/forums/forumdisplay.php?f=14)
-   -   Stuck on Repeats (http://www.lawtalkers.com/forums/showthread.php?t=866)

Hank Chinaski 02-24-2012 10:15 AM
Re: Stuck on Repeats
 
what is an "accredited investor?" I just got a cold call wanting me to invest money in a movie. I told him to send me information, and he made it sound like that would be a burden, and asked if I could assure him I was an "accredited investor." Kind of weird that one would have to apply for the right to let people have your money.

Sidd Finch 02-24-2012 10:28 AM
Re: Stuck on Repeats
 
Quote:
Originally Posted by Hank Chinaski (Post 465922)
what is an "accredited investor?" I just got a cold call wanting me to invest money in a movie. I told him to send me information, and he made it sound like that would be a burden, and asked if I could assure him I was an "accredited investor." Kind of weird that one would have to apply for the right to let people have your money.
Basically means you have a certain amount of assets or income -- I think it's $1MM in assets (not sure if that has to be excluding your residence) or about $250k in annual income. It means you are "sophisticated" and so under SEC rules need less protection, which means you can invest in various private securities that don't have the disclosure requirements that public companies have.

I cannot tell you how many times I've seen people sign affirmations that they were accredited, when they clearly were not. A lot of Ponzi schemes and other frauds have thrived off of people's willingness to sign any f'ing thing without reading or understanding it.

Hank Chinaski 02-24-2012 10:36 AM
Re: Stuck on Repeats
 
Quote:
Originally Posted by Sidd Finch (Post 465923)
Basically means you have a certain amount of assets or income -- I think it's $1MM in assets (not sure if that has to be excluding your residence) or about $250k in annual income. It means you are "sophisticated" and so under SEC rules need less protection, which means you can invest in various private securities that don't have the disclosure requirements that public companies have.

I cannot tell you how many times I've seen people sign affirmations that they were accredited, when they clearly were not. A lot of Ponzi schemes and other frauds have thrived off of people's willingness to sign any f'ing thing without reading or understanding it.
makes sense. he was trying to back me into "my dick is big enough" about how much money I have.

Greedy,Greedy,Greedy 02-24-2012 10:37 AM
Re: Stuck on Repeats
 
Quote:
Originally Posted by Sidd Finch (Post 465923)
Basically means you have a certain amount of assets or income -- I think it's $1MM in assets (not sure if that has to be excluding your residence) or about $250k in annual income. It means you are "sophisticated" and so under SEC rules need less protection, which means you can invest in various private securities that don't have the disclosure requirements that public companies have.

I cannot tell you how many times I've seen people sign affirmations that they were accredited, when they clearly were not. A lot of Ponzi schemes and other frauds have thrived off of people's willingness to sign any f'ing thing without reading or understanding it.
Excludes residence - a recent change. Though I am now old enough so I sometimes find things that changed 10 years ago still qualify as recent to me.

futbol fan 02-24-2012 10:39 AM
Re: Stuck on Repeats
 
Quote:
Originally Posted by dtb (Post 465919)
To switch gears ever-so-slightly, is any of you geniuses familiar with John Toland and his pantheistic theories? I have a few follow-up questions, but require no small degree of circumspection, so I can't just blurt it all out right here. You never know who is reading.

Atticus? Weed? Everyone knows I'm basically talking to just you two.
I ain't much fer that book-learnin'. Sorry. :(

Fugee 02-24-2012 10:46 AM
Re: Stuck on Repeats
 
Quote:
Originally Posted by Hank Chinaski (Post 465924)
makes sense. he was trying to back me into "my dick is big enough" about how much money I have.
It's not about that. What it means is that the securities are being offered in a private placement (not registered with the SEC). But there are limits to the number of investors you can have in a private placement and accredited investors count differently than non-accredited investors.

Pretty Little Flower 02-24-2012 10:59 AM
Re: Stuck on Repeats
 
Quote:
Originally Posted by ironweed (Post 465926)
I ain't much fer that book-learnin'. Sorry. :(
Oh right, you're a real "skool of hard knocks," "just know what I learned on the mean streets" type of guy.

futbol fan 02-24-2012 11:09 AM
Re: Stuck on Repeats
 
Quote:
Originally Posted by Pretty Little Flower (Post 465928)
Oh right, you're a real "skool of hard knocks," "just know what I learned on the mean streets" type of guy.
I'm just as God made me, sir.

Adder 02-24-2012 11:13 AM
Re: Stuck on Repeats
 
Quote:
Originally Posted by Hank Chinaski (Post 465922)
what is an "accredited investor?" I just got a cold call wanting me to invest money in a movie. I told him to send me information, and he made it sound like that would be a burden, and asked if I could assure him I was an "accredited investor." Kind of weird that one would have to apply for the right to let people have your money.
To state the obvious, movies are notoriously bad investments.

Hank Chinaski 02-24-2012 11:18 AM
Re: Stuck on Repeats
 
Quote:
Originally Posted by Adder (Post 465930)
To state the obvious, movies are notoriously bad investments.
my daughter is in film school. I'm hoping to get her a credit. still a bad idea?

Icky Thump 02-24-2012 11:32 AM
Re: Stuck on Repeats
 
Quote:
Originally Posted by Sidd Finch (Post 465923)
Basically means you have a certain amount of assets or income -- I think it's $1MM in assets (not sure if that has to be excluding your residence) or about $250k in annual income. It means you are "sophisticated" and so under SEC rules need less protection, which means you can invest in various private securities that don't have the disclosure requirements that public companies have.

I cannot tell you how many times I've seen people sign affirmations that they were accredited, when they clearly were not. A lot of Ponzi schemes and other frauds have thrived off of people's willingness to sign any f'ing thing without reading or understanding it.
I tell these guys "I'll do what I can to help y'all. But, the game's out there, and it's play or get played. That simple."

Icky Thump 02-24-2012 11:33 AM
Re: Stuck on Repeats
 
Quote:
Originally Posted by Fugee (Post 465927)
It's not about that. What it means is that the securities are being offered in a private placement (not registered with the SEC). But there are limits to the number of investors you can have in a private placement and accredited investors count differently than non-accredited investors.
What is the one rule of limited partnerships and or private placements TO WHICH THERE IS NEVER AN EXCEPTION?

Spoiler space:






























The Limited Partners/Investors get fucked in the end.

Sidd Finch 02-24-2012 11:34 AM
Re: Stuck on Repeats
 
Quote:
Originally Posted by Fugee (Post 465927)
It's not about that. What it means is that the securities are being offered in a private placement (not registered with the SEC). But there are limits to the number of investors you can have in a private placement and accredited investors count differently than non-accredited investors.
You're assuming the investment is legit. A cold call for a private placement suggests otherwise.

Adder 02-24-2012 11:42 AM
Re: Stuck on Repeats
 
Quote:
Originally Posted by Hank Chinaski (Post 465931)
my daughter is in film school. I'm hoping to get her a credit. still a bad idea?
Only a bad idea if you're trying to get your money back. If you're buying her a job, that may well be worth it.

Pretty Little Flower 02-24-2012 11:47 AM
Re: Stuck on Repeats
 
Quote:
Originally Posted by ironweed (Post 465929)
I'm just as God made me, sir.
I think a different supernatural being in your polytheistic world view is more likely to take credit.


All times are GMT -4. The time now is 07:10 PM.
Page 11 of 334 « First 910 11 12132161111 Last »
Show 40 post(s) from this thread on one page

Powered by: vBulletin, Copyright ©2000 - 2008, Jelsoft Enterprises Limited.
Hosted By: URLJet.com