Tulsa Real Estate Fund manager gives tour of recent apartment complex acquisition

[Booker T Garvey]

Whether you believe the Feds were involved or not is irrelevant. Here is what the same document you've linked to says:

"As of July 29th, 2019 .

the department of justice is not specifically the FBI breh. and you do realize that this is your 7th reply and you have YET to specifically address the TREF response from August of this year.

in fact i'm done responding to you until you do, we're muddying up the discussion by hitting that wall in your brain that refuses do even see something right in your face.

 

[Problematic Pat]

 

[Dirien]

the department of justice is not the FBI breh. and you do realize that this is your 7th reply and you have YET to specifically address the TREF response from August of last month.

in fact i'm done responding to you until you do, we're muddying up the discussion by hitting that wall in your brain that refuses do even see something right in your face.

Pretty sure I said Jay said the Feds was involved in a video and not the document.

Your point was already addressed sir. Jay said the company is not profitable right now for various reasons. They cannot legally guarantee that the company will ever be profitable in the future as no investment is guaranteed. I already said that here. I said that two weeks ago in the main thread. For some reason, you keep skipping over it.

 

[Problematic Pat]

Oh a whole NEW video huh!?

and where am I wrong? everything i've said criticizing this cat was confirmed in that SEC response that neither you nor your cohort has addressed specifically.

He answered this in much more depth.

 

[Dirien]

He answered this in much more depth.

He still won't admit fault. He's convinced himself an annual filing is a response to the SEC investigation . Jesus Christ.

I'm hoping he takes a few days to do some actual research and then we can chat about it when he's better prepared.

 

[Nicole0416_718_929_646212]

Never trust any dude who walks on his tippy toes. Dude’s whole ploy seems like an MLM fund infomercial. Has anyone received a documented ROI off this other than him?

 

[Booker T Garvey]

Pretty sure I said Jay said the Feds was involved in a video and not the document.

Your point was already addressed sir. Jay said the company is not profitable right now for various reasons. They cannot legally guarantee that the company will ever be profitable in the future as no investment is guaranteed. I already said that here. I said that two weeks ago in the main thread. For some reason, you keep skipping over it.

Bruh, it says this at the top of that SEC filing in all caps:
INVESTMENT IN SMALL BUSINESSES INVOLVES A HIGH DEGREE OF RISK, AND INVESTORS SHOULD NOT INVEST ANY FUNDS
IN THIS OFFERING UNLESS THEY CAN AFFORD TO LOSE THEIR ENTIRE INVESTMENT. SEE THE SECTION ENTITLED “RISK FACTORS.”

post a video of Jay morrison saying anything remotely close to this...miss me with that "oh that's common sense!" shyt when this dude STAYS bragging on his millions and his investments

literally nothing he says matches what's in this document at all..

He answered this in much more depth.

I'm watching it and he hasn't said a damn thing about the SEC investigation yet

 

[richaveli83]

The marketing and wording around this fund were both clear red flags. It’s basically using other people’s money to line the pockets of himself (and his wife, who’s an employee of the fund) with very minimal risk. Smart for a businessman, but very shady. I wouldn’t have invested in it, but everyone is different.

Investors and businessmen don’t move like a Jay Morrison; hustlers and crooks do. Fast talking, double talking, poverty shaming, finding soft spots in the demographic (Tulsa and Black Wall Street, “support black business”), and a lack of a track record in this realm are all bright red flags.

Of course he’s buying property; that’s not the hustle. The hustle is that he’s getting paid (a salary) regardless of if these properties ever turn a profit, while he’s telling the SEC this business investors probably won’t be paid. That’s the nature of investing, but he solicited the money under the guise of establishing a black wealth base, when it’s little more than black people donating to fund his portfolio.

Once again, not illegal, but not exactly honorable.

Don’t trust a person who wanted to charge people to watch his wedding via an online stream to do right by you.

 

[Booker T Garvey]

He still won't admit fault. He's convinced himself an annual filing is a response to the SEC investigation . Jesus Christ.

I'm hoping he takes a few days to do some actual research and then we can chat about it when he's better prepared.

you're more concerned and upset that i'm posting what's in it publicly, than the fact that it's actually in it.

welcome to the coli ladies and gentlemen.

 

[Dirien]

Bruh, it says this at the top of that SEC filing in all caps:
INVESTMENT IN SMALL BUSINESSES INVOLVES A HIGH DEGREE OF RISK, AND INVESTORS SHOULD NOT INVEST ANY FUNDS
IN THIS OFFERING UNLESS THEY CAN AFFORD TO LOSE THEIR ENTIRE INVESTMENT. SEE THE SECTION ENTITLED “RISK FACTORS.”

post a video of Jay morrison saying anything remotely close to this...miss me with that "oh that's common sense!" shyt when this dude STAYS bragging on his millions and his investments

literally nothing he says matches what's in this document at all..




I'm watching it and he hasn't said a damn thing about the SEC investigation yet

Lol the earliest filing from 2017 says the same thing.... filename2.htm

Jay been saying don't invest what you can't afford to lose because no investment is guaranteed. There is an entire archive of Tulsa Talk videos from the weekly calls you can review at your own time and many more. Just check TREF YouTube.

Anyways, DM me your number later this week after you've had some time to review the documents, videos, etc. We can have a better discussion after you get a little more informed about the happenings. I'll answer anything else you have then.

 

[Nicole0416_718_929_646212]

Here is the 1-A filing from prior to the fund's inception.

tulsa_1a.htm

We are an emerging growth company organized in July 2016 and have recently commenced operations, which makes an evaluation of us extremely difficult. At this stage of our business operations, even with our good faith efforts, we may never become profitable or generate any significant amount of revenues, thus potential investors have a high probability of losing their investment.

This specific excerpt from the filing was a topic of hot discussion then. Absolutely nothing has changed other than the fund acquired properties last year that were under-development. In fact, we had this exact same conversation where even a poster on the Coli who had been extremely critical of the fund SIDED with Jay because it was common sense. The fact that they did not turn a profit last year is OLD NEWS.

https://www.thecoli.com/posts/32410892/

This is not the latest filing - wheres the filing dated August 2019. The latest filing also lists that he has 0 employees and $0 net income.

 

[Booker T Garvey]

Jay been saying don't invest what you can't afford to lose because no investment is guaranteed.

post a video of him saying this..verbatim.

 

[Problematic Pat]

Lol the earliest filing from 2017 says the same thing.... filename2.htm

Jay been saying don't invest what you can't afford to lose because no investment is guaranteed. There is an entire archive of Tulsa Talk videos from the weekly calls you can review at your own time and many more. Just check TREF YouTube.

Anyways, DM me your number later this week after you've had some time to review the documents, videos, etc. We can have a better discussion after you get a little more informed about the happenings. I'll answer anything else you have then.

He says that even in the video I posted. This dude just wants to argue just to argue.

 

[Dirien]

This is not the latest filing - wheres the filing dated August 2019. The latest filing also lists that he has 0 employees and $0 net income.

The latest filing was already posted here several times. I referenced that to show that we've previously known the company was not bringing any income.

EDGAR Filing Documents for 0001477932-19-004488

 

[Nicole0416_718_929_646212]

Jay been saying don't invest what you can't afford to lose because no investment is guaranteed.

That’s standard scripted boiler plate language coming from any investment plan. That’s template wording - i.e. a disclaimer as a “cya” to restrict legal liability. It’s even on the FDIC and SEC website. It’s on every investment website - an 18 yr old could come up with that:
Are There Really Any Guarantees When Investing?