Update on ChoiceTrade
|On Saturday August 3, 2019, Wefunder sent two separate versions of an email about the status of the ChoiceTrade offering.
Both versions had the same subject, “Your investment application has been canceled” and had content that went on to state that “Your application to invest has been automatically canceled” under Rule 301(c)(2) of Regulation Crowdfunding.
Wefunder cited the regulation since it gives them the latitude to cancel an offering or exclude investors for whatever reason they choose.
The first version stated that the investor would be automatically refunded. The second version stated that the investor’s investment had been “confirmed”, but that the investor had the right to request a refund.
If you received the email stated that you have been confirmed simply do nothing. Why request a refund when Michael Markowski’s projection is for the share price to go from $2.00 to $60.00 over the next couple of years?
There is nothing that you need to do if you received the second email stating that you will be automatically refunded.
If you received a refund, we suggest that you keep your powder dry. The probability is high that ChoiceTrade will launch another offering. In 2018, approximately 700 investors invested as little as $99 to purchase ChoiceTrade shares at $1.50 from the online platform of Net Capital who is a rival to Wefunder.
If you were a) confirmed, b) refunded or c) missed the deadline to invest and want to invest as soon as the shares again become available to purchase, we recommend that you become a member of Trophy Investing.
It’s a startups research site which specializes in finding high caliber startups which have minimum investments of $100. Mr. Markowski is Trophy’s startups expert.
Trophy Investing has covered ChoiceTrade since 2018, and the site has several articles, research reports and videos about the company. Trophy keeps its members informed about all offerings.
For all of the stress that this has caused we would like for you to have a complementary one-year membership, value of $299 for annual membership fee, utilize coupon code: “Trophy2019” when you the button below. (No credit or debit card required!)
If you are already a member your membership will be extended through August 5, 2020.