$0.87 Share Price 20% Bonus
The company is “testing the waters” under regulation a under the securities act of 1933. This process allows companies to determine whether there may be interest in an eventual offering of its securities. The company is not under any obligation to make an offering under regulation a. It may choose to make an offering to some, but not all, of the people who indicate an interest in investing, and that offering might not be made under regulation a. If the company does go ahead with an offering, it will only be able to make sales after it has filed an offering statement with the securities and exchange commission (sec) and the sec has “qualified” the offering statement. The information in that offering statement will be more complete than the information the company is providing now, and could differ in important ways. You must read the documents filed with the sec before investing.