The point about the accredited investor thresholds never being adjusted since 1982 is a good one. The SEC's own staff review of the definition in 2023 noted that the $1 million net worth test would be roughly $3 million today if it had kept up with inflation. Thanks for laying out units and warrants so plainly, that's the part new speculators trip over most.
PFIC is
Painful
Fuc*ing
Idiots in
Congress
One more to add:
Lifestyle company- stay far away from this one
The point about the accredited investor thresholds never being adjusted since 1982 is a good one. The SEC's own staff review of the definition in 2023 noted that the $1 million net worth test would be roughly $3 million today if it had kept up with inflation. Thanks for laying out units and warrants so plainly, that's the part new speculators trip over most.
Thanks. I didn't know how much I didn't know!