I was waiting for the great man to speak. He was supposed to be example of what young men who want to succeed can be. I was looking him over during his introduction. He was fashionably dressed from his suit and tie down to his shoes. It was while I was looking at his highly polished shoes I noticed the rather large hole in the sole of one of them.
I have no idea what he said during his presentation. I didn't take notes. I do remember that people seemed to enjoy it. All I thought about while he spoke and all I can remember today is the hole in his shoe.
If he had been talking about the need for insurance Jay Beagle Jersey , or relationships, the hole in the shoe wouldn't have bothered me. But, he was talking about success . . . and a hole in the shoe and success don't got hand in hand . . . or even foot in foot.
Seeing a hole in the shoe on today's well-thought of individual speakers would be very, very rare, but a hole in the shoe doesn't really have to be literal. If can be figurative.
I know a particular congressman. If he were to talk about family values Tanner Pearson Jersey , I would remember hearing him as he spoke condescendingly to his wife over the phone one morning. That would be his "hole in the shoe." I know a businessman who speaks about treating his employees well and respecting their opinions. I know him well enough to know that if they said anything that differed from what he wanted to believe, they would no longer be employed by him. That character flaw is that businessman's hole in the shoe.
Generally, you don't even have to know people to see their hole in the shoe. Sometimes you'll pick up on it by how they act towards people, the difference of what they say versus what they do, or statements they make which are at odds over what they've already said.
While not everyone is walking around with holes in their shoes Tim Schaller Jersey , there sure seem to be a lot of them. All we can do is watch out for them, be aware of their faults, and protect our own feet.
Going Public by Way of Regulation D (504) Offering
By Joseph Quinones
Under the Securities Act of 1933, any offer to sell securities must either be registered with the SEC or meet an exemption. Regulation D (or Reg D) provides three exemptions from the registration requirements, allowing some smaller companies to offer and sell their securities without having to register the securities with the SEC.
Rule 504 or Regulation D provides an exemption from the registration of the federal securities laws for some companies when they offer and sell up to $1 Sven Baertschi Jersey ,000,000.00 of their securities in any 12 month period.
A company can use this exemption so long as it is not a Blank Check company and does not have to file reports under the Securities Exchange Act of 1934. Also, the exemption generally does not allow companies to solicit or advertise their securities to the public, and purchasers receive restricted securities, meaning that they may not sell the securities without registration or an applicable exemption.
Rule 504 does allow companies to make a public offering of freely tradable securities but only if one of the following circumstances is met:
(1) The company registers the offering exclusively in one or more states that require a publicly filed registration statement and delivery of a substantive disclosure document to investors;
(2) A company registers and sells the offering in a state that requires registration and disclosure delivery and also sells in a state without those requirements Justin Bailey Jersey , so long as the company delivers the disclosure documents required by the state where the company registered the offering to all purchasers (including those in the state that has no such requirements); or
(3) The company sells exclusively according to state law exemptions that permit general solicitation and advertising, so long as the company sells only to "accredited investors.
An accredited investor is defined by federal securities law as:
. a bank, insurance company, registered investment company, business development company Jacob Markstrom Jersey , or small business investment company;
. an employee benefit plan, within the meaning of the Employee Retirement Income Security Act, if a bank, insurance company, or registered investment adviser makes the investment decisions Brandon Sutter Jersey , or if the plan has total assets in excess of $5 million;
. a charitable organization, corporation, or partnership with assets exceeding $5 million;
. a director, executive officer, or general partner of the company selling the securities;
. a business in which all the equity owners are accredited investors;
. a natural person who has individual net worth J.T. Miller Jersey , or joint net worth with the person's spouse, that exceeds $1 million at the time of the purchase;
. a natural person with income exceeding $200,000 in each of the two most recent years or joint income with a spouse exceeding $300,000 for those years and a reasonable expectation of the same income level in the current year; or
. Any trust with total assets in excess of $5,000 Christopher Tanev Jersey ,000, not formed for the specific purpose of acquiring the securities offered, whose purchase of the securities is directed by a person who has such knowledge and experience in financial and business matters that he is capable of evaluating the merits and risks of the prospective investment.