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fancycwabsI've been an admirer of the concept behind Prichard's Rum since I've been aware of its existence--good-quality rum (and other spirits) made in eastern Tennessee, so several years back I visited their website and found an intriguing link for "investors," which was "under construction" for quite a while. I visited again several months ago--to find the link leading to an email address, so on a whim I emailed the proprietor of the company to see what was involved in investing, thinking, foolishly, that if a couple thousand dollars came my way (as it might, come bonus time) it might be fun to invest in what will likely be a lucrative enterprise.
After some back and forth, today I received an official form that the SEC provides to non-publicly traded companies in order for investors to express official interest in buying company stock. Apparently, you must have a net worth of a million dollars, or make 200 grand a year three years in a row, or have a million dollars in the bank, or have a million dollars in the bank and make 200 grand a year, or already own stock in a company (so that the poor founders can make some dough with the VCs) in order to buy stock in a company. Guess that's one of the ways the government keeps the workin' man down.
After some back and forth, today I received an official form that the SEC provides to non-publicly traded companies in order for investors to express official interest in buying company stock. Apparently, you must have a net worth of a million dollars, or make 200 grand a year three years in a row, or have a million dollars in the bank, or have a million dollars in the bank and make 200 grand a year, or already own stock in a company (so that the poor founders can make some dough with the VCs) in order to buy stock in a company. Guess that's one of the ways the government keeps the workin' man down.
