NEW YORK STATE RESIDENTS CAN NOW BECOME OWNERS IN THE ONLY JAZZ /CULTURAL ENTERTAINMENT COMPANY TO OFFER STOCK IN THE UNITED STATES!
The BeBop Channel Corporation
a New York Corporation
$5 per share
A Private Intrastate Offering Made Exclusively to New York State Residents Pursuant to Rule 147a of The Securities Act.
Minimum $100 (20 Shares)
Offering Closes May 30, 2020
Here are the Basics
We are offering 100,000 shares of stock at $5 dollars per share on our journey to take The BeBop Channel public. This offering is to raise capital for production and marketing costs and closes May 30, 2020.
Investors must first read our Private Placement Memorandum (PPM) for which we have also provided a summary below for non-professional investors.
Submit your Subscription Agreement Request Form where you provide an ID number (Drivers or non-Drivers license number, City, County or State issued ID number, or Utility Bill account or Insurance account number, excluding cell phone) evidencing that you are a resident of New York State.
We will email your Subscription Agreement, you then sign and pay for your shares (check, money order, or credit card) where you will receive an electronic stock certificate that you must hold for a period of months, generally, until your shares are registered for trading (selling) in the public market or for private sale.
The minimum investment is $100 (for 20 shares).
LET'S GET STARTED!
THE BeBop CHANNEL PRIVATE PLACEMENT MEMORANDUM SUMMARY FOR NON-PROFESSIONAL INVESTORS
This document--sometimes called a Private Placement Memorandum or PPM--is to provide you with all of the information about our company and this offer, both good and bad, to help you in your investment decision.
Because purchasing stocks and the laws which govern them are very complicated, this type of document is most often made for professional investors to understand.
Do not worry as we have prepared this summary of our PPM to put it in a language that everyday folk can understand so here we go!
The Most Important Takeaway from This Document is that:
Even though we think we are a great company with a great idea, like a TV ad about pharmaceuticals, there are a long list of things that can go wrong with the most important outcome being that YOU CAN LOSE a portion or ALL THE MONEY YOU INVEST in us or any other company no matter who they are. So Only invest an amount you can afford to lose!
YOU MUST PROMISE CERTAIN THINGS
To participate in this you have to have at least a general knowledge of how business works, you can provide an ID number to show that you are an adult New York Resident and be on board with the fact that you have to hold the stocks you purchase for a certain period of time--this is not like flipping houses. It is an investment.
HOW STRONG IS OUR BUSINESS?
We are what is called a start-up, meaning we are at the early stages of our development.
Our financial situation is pretty typical for a company at this stage of development. We have NO revenue as we have not started to sell anything yet BUT we also have no debt, meaning loans or salaries to pay as of yet. So, our balance sheet is pretty clean.
WHY WE ARE DOING THIS OFFERING?
Precisely because we have not started selling things like advertising, and subscriptions, etc., we are raising money by selling you stock in the company in this offering. These proceeds will be used to pay for the production and marketing of our newly acquired properties which include television shows, movies, festivals and theatrical productions.Please peruse our site to examine these very cool offerings.
WHO ARE OUR EXECUTIVES?
It is very important that you know that the executives are not "bad actors" or people who were involved in crimes or prior financial industry actions. We have clean histories.
Gregory Charles Royal, CEO
Sue Veres Royal, CFO
PRIVATE PLACEMENT- HOW IS THIS POSSIBLE IF I AM READING ABOUT IT ON THE INTERNET?
Remember, the laws about stocks, also called securities, are complicated and seemingly conflicted.
Under the law of the Securities Exchange Act a stock offering limited to just New York State residents, called an Intrastate offering, is considered non-public because it singles out a group and it is not available for sale to everyone in different states, even though anyone can read about the offering. The offering is also considered private because the stock will not be traded as of yet on a public exchange like the New York Stock Exchange, Nasdaq or Over the Counter (OTC) market --commonly known as the "stock market".
SO HOW CAN I EVER SELL MY SHARES TO CASH IN ON MY INVESTMENT?
Although currently these are private shares-- meaning they are not registered-- we plan to go public within the next 24 months. When that occurs, your shares will then be registered so that they may be traded (sold and purchased) publicly. Also know that if you purchase this security, you are obligated by law to hold it for a period of months before they can be sold regardless if we went public tomorrow. Your shares may also be registered after such holding period to be sold privately to other persons as long as they are residents of New York State. The reason for these restrictions, which apply to the executives as well, is that private stock purchases are supposed to be investments in the growth of a company, not for flipping like a house.