Quoted from wcbrandes:
This really sounds fishy to me Ice. Its well known, start up pinball is not a money maker and the majority go under. How the F do you raise 30 m for a start up that is in an Industry that 90 percent goes under in the first two years? Certainly there are not that many dumb people handing this kinda money over to a well.... promoter. I,m being kind
It's sort of amazing isn't it Bill? They are operating under Reg D and file annual updates with the SEC. If you go onto SEC.GOV and search it you'll find the details right there.
Investment advisors are putting their "accredited clients" into this investment. Looks like an 8% commission.
However, nothing wrong with Reg D, idle capital sitting on the sidelines going to work in the marketplace creating jobs and opportunity. Usually high risk high reward.
Here you go, public records. Actually up to $32 million raised and filed for a new $37 million offering once they reach $35 million on the first one.