Hello,
I read the information regarding the repayment plan moving forward.
Should I have seen an amount or amounts show up in my back account by now? I have not seen anything yet and am wondering when those might begin?
Thanks,
Todd Conklin
Tconklin15@yahoo.com
Not yet. We're still fighting the SEC to get information on realigning with reporting via the SEC on repayments. We are required by law to report repayments to the SEC. If we can't report to the SEC, we can't make repayments.
The reason for this is because Mainvest used some arbitrary username and password that they claimed to have sent to us but we never received that information. We need to know the email or the username or the account information with the SEC in order to regain access to the account. We have none of that so we have to go through the paper trail method to prove our identity and that's been taking a long time to do.
Communication with the SEC regarding crowdfunding types of investments are considered low priority with the SEC so it's 30-60 days on each turnaround by paper.
We are trying our hardest to get this running again. Mainvest really threw us and all the other companies covered by Mainvest for a loop.