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Investment Reservation

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NihlusGreen
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Investment Reservation

Post by NihlusGreen »

Hi, my investment reservation hasn't been taken out as yet from my account, are these processed at a later date than normal backing?
Thanks

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FordGT90Concept
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Re: Investment Reservation

Post by FordGT90Concept »

Fig hasn't been able to take any unaccredited investments yet because the SEC hasn't approved it. This is the most recent article I know of about it:
http://www.polygon.com/2016/5/11/116574 ... lay-update
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GreatBird
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Re: Investment Reservation

Post by GreatBird »

Yes. Progress is being made with the SEC though, so hold onto those reserved funds! We're obviously counting on your investments for a big chunk of our development budget. The timing should all work out well.
Do, or do not. There is no try.

-- GreatBird --

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FordGT90Concept
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Re: Investment Reservation

Post by FordGT90Concept »

Is there a place where Fig gives updates on this?
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NihlusGreen
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Re: Investment Reservation

Post by NihlusGreen »

Thanks for the info; I was unaware of any of this. And yes funds are still there waiting

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FordGT90Concept
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Re: Investment Reservation

Post by FordGT90Concept »

Fig updated on June 30:
https://blog.fig.co/figs-transfer-agent ... ec-filing/

They're going to do Psychonauts first from the sounds of it.
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Mykll
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Re: Investment Reservation

Post by Mykll »

I may need to change where the funds get taken out, no clue what I used. Guess we will hit that when we hit it.
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FordGT90Concept
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Re: Investment Reservation

Post by FordGT90Concept »

It was just a pledge. No payment info was required/requested/given. That comes when the investment website is up.


I wouldn't be surprised if they require bank account information for direct deposit/credit.
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Nick2508
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Re: Investment Reservation

Post by Nick2508 »

I was wondering about the same thing as the OP....and voila, yesterday FIG sent out a mail saying that psychonauts 2 got approved by SEC and all other FIG Projects should benefit from it too, cause its kind of a precedent.

so i guess we will hear from FIG pretty soon about investments for consortium.

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