Through new technology, investments on the HoneyBricks become liquid after a 12 month hold period.
The HoneyBricks Secondary Market is an electric bulletin board that allows eligible investors to post private sales offers, which can be seen by other eligible investors.
The transfers are completed through a smart contract that clears and settles the transaction on a wallet-to-wallet basis, directly on the blockchain, and does not require a third-party custodian.
There are no fees for completing a transfer on the secondary market, although buyers and sellers may incur network fees to execute the transfer on the blockchain.
At the end of each quarter, the most current public information is released by the investment manager which includes an updated assessment of a investment’s value as determined by the managing member of the entity.
Securities are eligible to be listed on the bulletin board after 6 months within an investment manager's private investor network under Rule 4(A)(1) of Securities Act, and new investors in the HoneyBricks private capital network after 12 months under SEC Rule 144.
By joining the waitlist of an investment offering, you will automatically be notified if any securities are listed for sale on the bulletin board following the 12-month period. HoneyBricks may also distribute an aggregate update of all secondary listings.
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