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#307714 - 07/28/18 02:38 PM Re: Round Table For July 2018 [Re: Greger]
chunkstyle Offline
enthusiast

Registered: 10/02/07
Posts: 2356
Or cronyism

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#307715 - 07/28/18 04:34 PM Re: Round Table For July 2018 [Re: Greger]
Jeffery J. Haas Offline
It's the Despair Quotient!
Carpal Tunnel

Registered: 08/03/04
Posts: 15372
Loc: Whittier, California
In other news, a man in India has decided that Trump is God.

He worships Trump's picture every day in a home shrine, but he also hopes to complete work on a temple devoted to Donald Trump, in six months.



Ironically, he knows very little about Donald Trump, but he's convinced that Trump must be powerful, as was once a wrestler in the WWF.
_________________________
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#307717 - 07/28/18 09:36 PM Re: Round Table For July 2018 [Re: logtroll]
pondering_it_all Offline
veteran

Registered: 02/27/06
Posts: 9500
Loc: North San Diego County
Quote:
I quit.

I'm sorry you feel that way. I certainly never suggested you quit. I believe in your product because you've presented evidence here that it works very well. But a good idea is only half the battle.

Business is hard. Starting one is a complex multi-step process, but there are several different ways to do it. Complaining about how hard it is, isn't one of them. But lots of people do manage to start them, and you already have a great product and the intelligence to write successful SBIR grants. That's a LOT more than the typical Joe starting a burrito truck or a drain-cleaning service.

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#307718 - 07/28/18 09:52 PM Re: Round Table For July 2018 [Re: pondering_it_all]
logtroll Offline
veteran

Registered: 04/26/10
Posts: 9992
Loc: One of the Mexicos
Thanks for the confirmation. What I meant was I quit trying to have a productive discussion with you, since I finally recognized that you don't seem to understand anything I have said.

Whatever.
_________________________
“You never change things by fighting the existing reality.
To change something, build a new model that makes the old model obsolete.”
– R. Buckminster Fuller

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#307722 - 07/29/18 12:33 AM Re: Round Table For July 2018 [Re: pondering_it_all]
logtroll Offline
veteran

Registered: 04/26/10
Posts: 9992
Loc: One of the Mexicos
Originally Posted By: pondering_it_all
When a company files with the SEC or with their state for an LLC, that's pretty good evidence that it's not fraudulent.

Please note that the subject of my posts about is registering with the SEC.

An LLC can't be created without authorization by the state.


Edited by logtroll (07/29/18 12:34 AM)
_________________________
“You never change things by fighting the existing reality.
To change something, build a new model that makes the old model obsolete.”
– R. Buckminster Fuller

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#307725 - 07/29/18 12:43 PM Re: Round Table For July 2018 [Re: Jeffery J. Haas]
NW Ponderer Offline
Moderator
Carpal Tunnel

Registered: 09/09/11
Posts: 17329
The link wasn't working anymore, so here is an update on the "failure to transport" story: 4 Paramedics Suspended For Failing To Transport Dying Woman - Brandon Patch. This relates why I started the thread, Brown and White. Florida is particularly bad when it comes to making assumptions based upon color. I observed it first hand when I lived there, and it is manifest in so many ways. Man in deadly 'stand your ground' shooting won't face charges: police - The Hill; Is There Racial Bias in “Stand Your Ground” Laws? - Frontline (short answer: of course there is!).
Quote:
Whites who kill blacks in Stand Your Ground states are far more likely to be found justified in their killings. In non-Stand Your Ground states, whites are 250 percent more likely to be found justified in killing a black person than a white person who kills another white person; in Stand Your Ground states, that number jumps to 354 percent.
In the case of "the woman who wouldn't be transported," they just used an ambulance instead of a gun.

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#307727 - 07/29/18 04:46 PM Re: Round Table For July 2018 [Re: logtroll]
pondering_it_all Offline
veteran

Registered: 02/27/06
Posts: 9500
Loc: North San Diego County
Quote:
you don't seem to understand anything I have said

I am pretty sure I understand perfectly. You have a product that works great. You want to finance a business to manufacture the product. You can either file as a public company and offer stock, or seek "angel" qualified investors who the SEC has recognized, or register with the state to form an LCC and sell limited partnership units to anybody while retaining control by making yourself the general partner. You are incensed that the SEC requires angels to be millionaires.

I understand. I just don't agree with you. Your position is very Libertarian: "Why won't the government let me do what I want." My position is from the consumer protection viewpoint. I happen to think that capitalism is a wonderful thing, but needs government regulation to keep it honest and fair.

You never did answer the question of how much your state charges for LLC registration. I would look it up myself, but I'm not sure what state that would be in.

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#307728 - 07/29/18 05:23 PM Re: Round Table For July 2018 [Re: pondering_it_all]
logtroll Offline
veteran

Registered: 04/26/10
Posts: 9992
Loc: One of the Mexicos
Thanks for clarifying that you don't understand what I have been saying.

I have four LLCs, they cost fifty bucks to file. One of them registered with the SEC and did a direct public offering. None of them can legally take on unaccredited investors without registering with the SEC. I do have some libertarian streaks, but that's is not what I posted about in the beginning.

What I posted about is the ridiculousness of using a million dollars in assets as a rational threshold for determining a "sophisticated investor".

You interjected everything else and I couldn't steer you back to the point that I wanted to discuss.

There's my clarification.
_________________________
“You never change things by fighting the existing reality.
To change something, build a new model that makes the old model obsolete.”
– R. Buckminster Fuller

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#307731 - 07/29/18 08:22 PM Re: Round Table For July 2018 [Re: logtroll]
logtroll Offline
veteran

Registered: 04/26/10
Posts: 9992
Loc: One of the Mexicos
_________________________
“You never change things by fighting the existing reality.
To change something, build a new model that makes the old model obsolete.”
– R. Buckminster Fuller

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#307734 - 07/30/18 08:50 AM Re: Round Table For July 2018 [Re: Greger]
pondering_it_all Offline
veteran

Registered: 02/27/06
Posts: 9500
Loc: North San Diego County
First mention in the thread that you have ANY LLCs, otherwise I would not have tried to explore that possibility with you. I was under the impression that under Rule 504 you can have unaccredited investors, but maybe I'm wrong about that. I bow to the expert. Bow

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