Coral is a sponsor group of 9 issuers that PartnerFacts links to one sponsor (shared people, same business address, similar issuer names; automatic match from the filings), filing 10 Form D filings between Oct 2008 and Sep 2014.
What this means One team, 9 deal companies, about 6 years of track record in SEC filings. We link the companies because the same people or address appear on their forms — tap "Request a correction" if that is wrong.
Combined reported sold: $5.93M to 142 investors (latest filing per issuer). Industries as reported: Oil and Gas (9). Issuers are based in FL (9).
What this means $5.93M raised across the group, about $42K per investor. Amounts come from each company's latest Form D; they are what the sponsor reported, not audited figures.
Principal people: Dan Beecroft (8 issuers, executive officer and director), Jon Berman (4 issuers, executive officer), Phil Barnett (4 issuers, executive officer) and Blake Beecroft (2 issuers, executive officer and director).
What this means The person on the most companies is usually the one running the show; their page lists every deal.
Activity: 0 new offerings in the last 12 months; latest filing Sep 24, 2014.
What this means No new raise filed in the past year.
Public records searched: federal courts (CourtListener / RECAP), SEC enforcement releases, state securities regulators (AZ, CA, DE, TX, WA) — 1 court case matching the name, 3 bankruptcy cases matching the name listed in Key records below. No completed search yet: property records (NYC, FL, IL and TX counties) (runs automatically; this line updates when it finishes).
What this means 4 records came back, including 1 court case still open — open cases can take years and cost money. Each one is listed below with a link to the original document and a line saying why it matched. A name match is not proof it is the same person or company — read the why line and the document. Being sued or named in a release is an accusation, not a finding.
We compared 10 public filings for Coral and found 3 differences, 1 worth asking the sponsor about: Form D filed 100 days after the first sale; and more below.
What this means These are differences between the sponsor's own SEC filings — both values, dates and sources are listed in Key records, section 4. Most have ordinary explanations; ask the sponsor.