Prospect Park is a sponsor group of 2 issuers that PartnerFacts links to one sponsor (shared people, same business address, similar issuer names; automatic match from the filings), filing 2 Form D filings in Jan 2013.
What this means One team, 2 deal companies. 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: $50M to 7 investors (latest filing per issuer). Industries as reported: "Other" (2). Issuers are based in CA (2).
What this means $50M raised across the group, about $7.14M per investor. Amounts come from each company's latest Form D; they are what the sponsor reported, not audited figures.
Principal people: Brent Stone (2 issuers, director), Jeffrey E. Kwatinetz (2 issuers, executive officer, director, and promoter), John Hunt (2 issuers, director), Peter Katsis (2 issuers, director) and Richard Frank (2 issuers, director and promoter).
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 Jan 10, 2013.
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), property records (NYC, FL, IL and TX counties) — 9 court cases matching the name, 7 bankruptcy cases matching the name listed in Key records below.
What this means 16 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 2 public filings for Prospect Park and found 1 difference: Member companies were formed in 2 different states.
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.