thanks bud, another new and improved REG to help retail investors, LESS DISCLOSURE on the S1, unfknreeeeeeeeeeeeeeel, no one could make this stuff up. Give the FB team credit, they found a way to monetize mobile if they failed, the stock would still be in the 20s. FB insiders may have cashed out 40-50 BILLION or more by now, its a beautiful thing.
Twitter is sneaking in under the wire by--from stuff I've heard thru the grapevine--going old school on accounting and multiples, as opposed to FB whose runners inflated everything they could, while telling the right private clients to participate in the IPO by hypothecating and selling long for later delivery.
I like the reg, if it was trimmed harder on the cap, since its original purpose was to reduce the role of suits and college boys in skimming every part of the trip.
The REAL benefit in the "JOBS Act" is to guys like me, or like you were, by putting the inflation adjustment back into 504 etc for startups---putting the angel level back to what a VFW, Lions, etc bunch of giuiys could do to get in the game as investors rather than retail cannon fodder.