Anonymous ID: f5b3b3 May 25, 2023, 9:18 p.m. No.18904584   🗄️.is đź”—kun

Theory

So, the Nasdaq is threatening to drop DWAC because they haven't filed their 10-Q yet. The DWAC price would tank.

But it got me thinking…maybe that is the goal, either to delist or to both delist and tank the share price. Both have benefits, but the SEC still controls private transactions…

That is, except for a few exceptions:

https://www.sec.gov/files/chart-amended-capital-raising-exemptions-oasb.pdf

And both TMTG and DWAC are both Florida companies, so they might qualify for and intrastate transaction exemption from the SEC.

But there would still be price thresholds, state-by-state, which DWAC is way over, generally…

But Florida has its own set of laws!

I've only looked into this a bit, but it might be worth looking at more. The crowdfunding exemption seems pretty broad.

https://www.sec.gov/education/smallbusiness/exemptofferings/intrastateofferings

https://www.floridabar.org/the-florida-bar-journal/equity-crowdfunding-comes-to-florida-or-has-it/

https://www.akerman.com/en/perspectives/the-florida-crowdfunding-act-an-attempt-to-facilitate-capital.html

https://www.flsenate.gov/laws/statutes/2022/517.0611

 

All that said, and reiterating that I haven't looked too deep into this, a couple of the other exemptions (not sure if the SEC list is exhaustive) may be a better fit, eg. Reg D: https://www.jahlaw.com/what-is-the-difference-between-section-4a2-and-regulation-d-news-and-events/

 

Anyway, just trying to strategize around the SEC stonewall.