United States Securities and Exchange Commission

exchange

(Seidler) #1

Someone on telegram was nice enough to provide this information:

"In the United States under the Securities Act of 1933, any offer to sell securities must either be registered with the United States Securities and Exchange Commission (SEC) or meet certain qualifications to exempt them from such registration. Regulation D (or Reg D) contains the rules providing exemptions from the registration requirements, allowing some companies to offer and sell their securities without having to register the securities with the SEC.[1] A Regulation D offering is intended to make access to the capital markets possible for small companies that could not otherwise bear the costs of a normal SEC registration.

Basically lets NEX be tradable as a security in the US without going through the full SEC registration because of their Europe securitization"

https://www.sec.gov/Archives/edgar/data/1739185/000173918518000001/xslFormDX01/primary_doc.xml

What do you guys think?


At What price are you likely selling your NEX?
(Crypt On The Beat) #2

Saw it too, don’t know if it’s legit but if it is, NEX is gonna be available on US market easily


(Basti) #3

I fear that NEX will not make any statements about this either.

Who knows if that is really true.


(Mao Mao) #4

i dont know much about SEC laws… does this document mean NEX can be listed in the US market?


(Crypt On The Beat) #5

Yes because it’s a european securitization don’t have to do the SEC registration, that’s what it’s said


(Neogasrpx) #6

Someone more familiar with SEC regulations told me the following:

They are filing a notice of exemption under Rule 504(b)(1) of the SEC code. This means they can sell up to $5,000,000 worth of “securities” to US investors in a given year. The securities would not be able to be resold on a secondary market in six months or a year without registering them.

It looks like this is somewhat clean up - they’ve already sold $589,000 to US investors. With a remaining $411,000.00 left for sale.

Companies often do this when they find out they’ve sold to non-accredited US investors. Based on the filing, NEX appears to have sold to 8 non-accredited investors.

They have not registered NEX as a security in the US. This is just an exemption to allow them to sell NEX under very limited circumstances.


(Cryptoenthoo) #7

not related, but wondering will NEX be categorized as penny stock in the USA. many good company stocks are traded as penny stocks in the USA so they don’t need to spend a lot of money. (e.g. volkswagen)