All About Private Placements - Part 3

Watch: All About Private Placements - Part 1
Watch: All About Private Placements - Part 2

Tekoa Da Silva of Sprott USA, sits down with Maurice Jackson of Proven and Probable in this exclusive 4 Part Series entitled: All About Private Placements. This is one, if not, the most comprehensive beginners guide to understanding the value proposition of private placements.

0:35 | Can I Find Private Placements on My Own?
5:34 | What People & Resources do I Need to Participate in Private Placements
10:23 | How Much do Private Placements Cost – Is There A Minimum
11:13 | What Are 3rd Party Fees
15:23 | What To Do With Units/Security Certificates After I Buy Them

Video length: 00:17:07


Maurice Jackson: Thank you for joining us for the third part of a special four-part series entitled All About Private Placements. Joining us for conversation is Tekoa Da Silva. He's an accomplished licensed financial adviser for Sprott USA, the premier name in the natural resource space. Full disclosure, the following is not a Sprott USA endorsed product and it is for educational purposes only.

Tekoa, we concluded the second part of this series with the question regarding legend removals. Now what if I have an online discount broker? Can I go to them and have my legend removed?

Tekoa Da Silva: Looking at it from a North American context, a person may have a brokerage account with Charles Schwab, Fidelity, TD Ameritrade. The best place to get the answer that question is by calling them and asking the adviser that the person works with. And the answer that they get will probably result in you having to speak to three or four people at that firm to get a precise answer and it may be an imprecise answer at that. My impression is that many of the broker dealers, certainly in the U.S., are continuing to cut out the services that they used to offer because they're no longer considered core products and services, and the cost of offering those services is going through the roof in terms of compliance and legal.

So why deal with it? From their standpoint, I think it makes much better sense to just simply let those services and those people go. But a person can always ask and they can always try. My observation and my discussions with a few people that have tried some of those discount online brokerage firms in the past was that it was a real run around, sort of like spending a week at the DMV.

So if someone has some time to kill and they want to pursue that process, by all means. But my advice would be to vet out a couple firms that claim to be specialist, natural resource and private placement capable firms, and test them out and see how they go. But be careful with trying to do private placement activities with discount brokers.

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Disclosure: I or members of my family own shares of Novo Resources.

Proven and Probable LLC may receive financial compensation from its sponsors. The compensation is used is to fund both ...

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