At this presentation, we will reveal, for the first time, the proposal for a state crowdfunding exemption that we've been working on since we first learned of the problems with the JOBS Act Federal non-accredited investor crowdfunding back in April of 2012. These problems, to which we've repeatedly alluded over the past two years, represent substantial stumbling blocks to the ultimate success of non-accredited investor crowdfunding. Thus, the need, we believe, for a state-based exemption in order for non-accredited crowdfunding to become a reality in the State of Colorado.
We have, during this period of time, examined many, many alternatives to the JOBS Act Title III legislation (especially after the SEC released its proposed crowdfunding regulation, which contained almost 600 pages and asked for input on 285 issues raised by it) and have found all of them wanting in one particular or another. So, at this upcoming meeting, we'll explore our proposal and discuss why we believe that addressing all of the issues that we have been able to identify with non-accredited crowdfunding is essential to a successful and vibrant non-accredited investing ecosphere.
If you were only attend one meeting in our two year history, this is the one you shouldn't miss.
Looking forward to seeing all of you who are genuinely interested in the success of non-accredited crowdfunding at our next meeting on July 23rd.