Who reviews the Private Placement Memorandum

[Andrey Y.]

Do you folks ask your attorney to review the PPM for an offering you are looking to fund as an investor? I have a 100 pg. PPM memorandum sitting in front of me, and it doesn't sound like the way I'd like to spend my weekend.

How essential is it to reviewing it in gory detail if the sponsor has a fantastic long term track record, you believe is very conservative and well capitalized. Thanks for commenting.