Accredited Investor Criteria

Pursuant to the Bahamas Securities Industry Act, 2011, the Bahamas Securities Industry Regulations 2012.
An Accredited Investor is any person or persons who fall within any of the following categories/questions: 

  1. Are you a licensed Bank or Trust Company? 
    • If Yes, where are you licensed ? 
    • If Yes in what jurisdictions do you operate? 
    • If No move on to question (2) 
  2. Are you a Registered Firm or a company registered to conduct securities business and acting for its own account? 
    • If yes, where are you registered?
    • If No move on to question (3) 
  3. Are you a licensed Insurance Company?
    • If yes, where are you licensed? 
    • If No move on to question (4) 
  4. Are you a licensed and registered investment Fund? 
    • If yes, where are you licensed and registered? 
    • If No move on to question (5) 
  5. Are you an Employee Benefit (i.e. Pension) Plan?
    • If Yes, is the investment decision made by a fiduciary that is Bank, Trust Company, Insurance Company or Registered Investment Firm/Manager? 
  6. Does your plan have in excess of five (5) million united states dollars or equivalent? 
    • If No, Move on to question (6) 
  7. Are you a Director, Senior Officer or General Partner of the issuer of the Securities being offered or sold, or any Director, Senior Officer or Gerenal Partner of that issuer? 
    • If No Move on to question (7) 
  8. Are you An individual with a net worth of one million dollars? 
    • If No Move on to question (8)
  9. Are you An individual whose joint net worth with spouse is exceeds one million dollars? 
    • If Not move on to question (9) 
  10. Are you An individual who has had an income in excess of two hundred thousand dollars in each of the two most recent years and has a reasonable expectation of the same level of income in the current year? 
    • If No move on to question (10) 
  11. Are you An individual who jointly with your spouse has had an income in excess of three hundred thousand dollars in each of the two most recent years and has a reasonable expectation of the same level of income in the current year? 
    • If No move on to question (11) 
  12. Are you a legal person (i.e. company or partnership), other than an individual, with total assets in excess of five million dollars not formed for the specific purpose of investing in Poseidon?
    • If No move on to question (12) 
  13. Are you an entity in which all of the equity investors are an individual with a net worth in excess of one million dollars? 
    • If No Move on to question (13) 
  14. A licensed and/or registered Investment Advisor managing a fully discretionary managed account? 

Note:

A Yes to any one of these questions qualifies the person to be an “Accredited Investor”
If a person Answers “No” to all questions they do not qualify as an Accredited Investor.