Can I buy stock in Great Lakes Towers?

The short answer is "maybe."

The long answer is a little more complex. The company does not have publicly traded stock although that is one of our goals in the future. Instead, we sell equity positions in our company to investors by private placement. This is governed by Regulation D of the Securities Act of 1933 which demands that any investor, whether an individual, a corporation or a trust, needs to qualify as an "accredited investor."

This term "accredited investor" is defined under the Act. Individually, you are an accredited investor if you:

1. Have an individual or joint net worth with your spouse in excess of $1,000,000
2. Had an individual income in excess of $200,000 (or $300,000 with your spouse) in each of the last two years.

The rules are a bit different for Corporations and Trusts but the idea is that buying stock in a private company isn't the same as buying shares in Ford Motor Company or IBM and that investors should have reached a certain level of sophistication before buying a private company's stock.

If anyone has any questions or needs further details on this matter, please contact me privately using the form on the website with the "investor" radio button checked.