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Posted almost 10 years ago

Our Crowdfunding Network Is Growing Part 73

The Board meetings went well this weekend and we're on our way to the new superportal concept.  We have a large handful of people that have already committed to doing a new portal.  The legal is still in minor flux, but I expect for it to get cleaned up soon.

We met with pre-funding partners yesterday and the meeting went very well.  I expect to have this resolved soon so we can start taking on third party deals.  The legal for this piece will be resolved in the next few weeks and we'll have folks in flight to prepare for Title IV RIA requirements.

All of our deals are moving right along and we should hopefully exit 10-20 in the coming 2-3 months.  As we ratchet down development projects we'll start to ratchet up third party deals, rebranding, etc.  Time is a critical resource we don't have more of right now so things will just have to evolve at the logical pace.  

I also expect for our 506(c) machinery to be drastically improved in the coming few months with some new service providers taking a more liberal approach to reasonableness.  Title IV will still be the new thing to study and get clarity on.  We'll be engaging a securities attorney for our new debt documents next week and planning for Title IV will be part of this exercise.  


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