INVESTVIEW, INC. (OTCMKTS:INVU) Files An 8-K Unregistered Sales of Equity SecuritiesITEM 3.02—UNREGISTERED SALES OF EQUITY SECURITIES
Between July 26 and October 24, 2017, InvestView, Inc., raised $2,184,275 from 17 accredited investors who purchased an aggregate of 2,184,275 shares at $0.01 per share in a private placement that has now been completed.
In addition, on September 10th, 2017, the Company converted debt of $50,000 held by one accredited investor into 5,000,000 shares of common stock at $0.01 per share. Together with the previously reported $2,090,000 in debt that was converted into 210,000,000 shares of common stock earlier this year, the Company has now retired $2,140,000 in existing debt since April 2017.
The above offers and sales of the securities were made only to “accredited investors,” as defined in Rule 501(a) of Regulation D, in reliance on the exemptions contained in Section 4(a)(2) of the Securities Act of 1933, as amended, and Rule 506(b) of Regulation D promulgated thereunder, for transactions not involving any public offering. No advertising or general solicitation was employed in offering the securities. No underwriter participated in the offer and sale of these securities, and no commission or other remuneration was paid or given directly or indirectly in connection therewith.
About INVESTVIEW, INC. (OTCMKTS:INVU)
Investview, Inc. is a financial services company. The Company operates primarily through its subsidiaries, to provide financial products and services to accredited investors, self-directed investors and select financial institutions. It also provides investor education products and newsletters that provide trading ideas. In addition, it offers Foreign Exchange Currency trading newsletters. Its products include Live workshops and workshop certificates; online training and courses; coaching/counseling services; Website/data fees (monthly), and Website/data fees (pre-paid subscriptions). It provides a range of products that allow the self-directed individual investor to find, analyze, track and manage his or her portfolio. Its primary legacy product is an all-inclusive online education, analysis and application platform. The Company provides solution to its clients in the financial community by providing an array of information services that include stock market information and tools.
