Suspension Order Amended 1-U.
On January 9, 2018, the U.S. Securities and Exchange Commission (SEC) issued a temporary suspension order (dated January 10, 2018) pursuant to Section 3(b) of the Securities Act of 1933, and Regulation A thereunder (“Reg A”) based upon the filing of misrepresented and unaudited financial statements contained in the Company’s March 30, 2016, Offering Statement on Form 1-A pursuant to Reg A (“Offering Statement”). The suspension order is for a nine-month post-closure period, commencing on January 10, 2018. While the Company believes it is unlikely, should the SEC not lift the temporary suspension order, the order may become permanent.
It was necessary to amend our 1-U as per the request of the SEC.
Click Here for the Amended 1-U
On January 9, 2018, the U.S. Securities and Exchange Commission (SEC) issued a temporary suspension order (dated January 10, 2018) pursuant to Section 3(b) of the Securities Act of 1933, and Regulation A thereunder (“Reg A”) based upon the filing of misrepresented and unaudited financial statements contained in the Company’s March 30, 2016, Offering Statement on Form 1-A pursuant to Reg A (“Offering Statement”). The suspension order is for a nine-month post-closure period, commencing on January 10, 2018. While the Company believes it is unlikely, should the SEC not lift the temporary suspension order, the order may become permanent.
It was necessary to amend our 1-U as per the request of the SEC.
Click Here for the Amended 1-U
