This round is no longer accepting investments, but hundreds just like it are live now.

Log In


Bringing Europe’s Most Innovative Motorhomes to America

For 40+ years, Wingamm Group has produced luxurious recreational vehicles in 15 countries. Our distribution is pre-revenue & we have pre-sold over 200 motorhomes in the U.S.

This Reg CF offering is made available through StartEngine Capital, LLC. This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.

$526,171.27 Raised


Our Founders have previously raised $1.6M+ with over 200 reservations, representing $30M+ of revenue upon delivery. We’ve also received over 10K customer inquiries since announcing Wingamm to the U.S.

There has been a market shift to smaller motorhomes as the Class B Market has grown 40% year-to-date while the RV industry as a whole declined 2.6% in 2022.*

Wingamm Group has successfully designed, manufactured, and delivered motorhomes to customers for over 40 years. Our offering will be diversified across their 9 recreational vehicle models.


We Believe U.S. Motorhomes Haven't Evolved to Meet the Needs of Today's Discerning Customers – Enter Wingamm!

*These testimonials may not be representative of the experiences of other customers and is not a guarantee of future performance or success.

The U.S. RV market is notorious for poor quality and lack of innovation. In fact, the President and CEO of Airstream, Bob Wheeler, is quoted in Forbes, "I think the European RV industry is 15 years ahead of us here in the U.S." (Source).

W Motorhome Sales North America, Inc. has captured the attention of motorhome consumers. The most popular YouTube videos reviewing our Oasi 540 and Oasi 610 motorhomes have more views than review videos of any other Class B motorhome by a significant margin.

Furthermore, the Wingamm Oasi 540 model we are launching in the U.S. this year ranks 4th among the leading Class B motorhome models in Google searches per month, behind only the top-selling motorhomes of industry giants Winnebago and Airstream.

At the same time, consumers are gravitating toward energy efficiency. Class B (compact) unit shipments are up over 40% 2022 YTD while total RV shipments are down 2.6% (Source).

In addition, the addressable market for Class B motorhomes is expanding due to what we believe is the increasing popularity of "Van Life," glamping, remote work, experiential living and travel, tiny home living, COVID-related health concerns, and Americans' renewed interest in nature (Source).

We plan to capture this growth by displaying Wingamm motorhomes in high-end retail shopping center showrooms across North America. We have already launched 2 pop-up showrooms in Santa Monica, CA at the Santa Monica Place Shopping Center and in Long Island, NY at the Walt Whitman Shops.

As Wingamm Group's exclusive North American distributor, we are looking forward to watching our vision materialize. W Motorhome Sales North America has over 200 pre-orders, accounting for approximately $30 million in potential revenue.


We Believe American RVs Are Designed Within Limitations of Existing Cargo Vans. Wingamm Builds From Scratch to Recreate the Luxuries of Home.

*The image located on the left-hand side shows the production of Wingamm's distinctive fiberglass monocoque shell. The image located on the right-hand side depicts the completed Wingamm motorhome.

We believe that most motorhomes that are currently on the market fall short.

Wingamm's drop-down bed is effortless and comfortable while competing motorhomes have beds that use up precious floorspace, take time and effort to set up and take down, or are unsafe and exposed to the elements.

*The image located on the left-hand side depicts Wingamm's drop-down bed. The image located on the right-hand side depicts the bed solutions located inside competing RVs.

Wingamm's dining area seats 5 people comfortably and allows for a social environment, while competing motorhomes seat 3 to 4 and, in our opinion, feel like sitting on an airplane.

*The image located on the left-hand side depicts the Wingamm dining area. The image located on the right-hand side depicts a competitor's motorhome dining area.

Wingamm has a large gourmet kitchen, while our competitors have cramped, utilitarian kitchens.

*The image located on the left-hand side depicts the Wingamm RV's kitchen. The images located on the right-hand side depict competitor's kitchens.

Wingamm provides a luxury "hotel style" bathroom while competing motorhomes offer drab and basic bathrooms.

*The images located on the left-hand side depicts the Wingamm RV bathrooms. The image located on the right-hand side depicts a competitor's RV bathroom.

Wingamm provides all of this in a vehicle that is more than two feet shorter than most competing motorhomes. 

Wingamm also offers a simple and elegant sewage "cassette" that can be emptied in any toilet in America while competing motorhomes pump out sewage with a high-pressure hose that is prone to leaks and spills and can only be emptied at designated dump stations that may require long-distance travel to reach.

*The image located on the left-hand side depicts the Wingamm sewage "cassette". The image located on the right-hand side depicts a competitor's RV sewer pump.

Finally, we intend to market Wingamm in Tesla-like showrooms that are relatable to first-time RV buyers now entering the market, without alienating the traditional RV buyer. Competing motorhomes are commonly sold alongside rows of undifferentiated products, by aggressive salespeople, on large lots located well outside of major cities and exposed to the elements.

*The image located on the left-hand side depicts W Motorhome Sales North America's retail showroom at Santa Monica Place shopping center. The image located on the right-hand side depicts a competitor's RV "show rooms".

The motorhome market deserves a luxury buying experience. No more dealing with large car lots with undifferentiated products, and no more dealing with aggressive salespeople.

Tesla, Peleton, and Apple have brought their aspirational consumer products to customers via a high-end retail experience and Wingamm intends to follow in their footsteps.


9.6 Million Households Intend to Buy an RV Within the Next 5 Years

*These reviews from YouTube bloggers may not be representative of the experience of others and is not a guarantee of future performance or success.

RVing is at an all-time high, with 11 million RV owners camping last year, and two million new RV renters in 2021 (Source).

W Motorhome Sales North America, Inc. intends to address a large portion of the U.S. market by offering Wingamm's entire line of 7 compact motorhomes and 2 travel trailers. At a price tag of $145,000, the Wingamm Oasi 540 is competitively priced.

Here's more on our latest traction:


Americans Have Been Clamoring for Wingamm to Come to the U.S. for Years

With its unique monocoque shell, Wingamm motorhomes offer floor plans and features that we believe are unmatched by the competition. The proof is in the more than 10,000 customer inquiries we have received since announcing Wingamm's U.S. launch. To satisfy this demand, we are leveraging Wingamm's 45 years of manufacturing experience.

We believe we can disrupt the rapidly growing North American market for compact luxury motorhomes. Hit the road with W Motorhome Sales North America, Inc.! 

Wingamm USA 17b Disclosure


606 Post Rd E, #536
Westport, CT 06880

For 40+ years, Wingamm Group has produced luxurious recreational vehicles in 15 countries. Our distribution is pre-revenue & we have pre-sold over 200 motorhomes in the U.S.


Tony Diamond
Tony Diamond
Founder, Director and Chief Executive Officer

Tony Diamond is a Founder, Director and Chief Executive Officer of W Motorhome Sales North America. Tony spent most of his career in real estate, first as a real estate agent, next as an investor and real estate developer, and most recently as a transformative real estate entrepreneur. Tony has negotiated hundreds of leases and overseen the redevelopment of industrial, commercial, retail, and residential real estate. Tony has been profiled in numerous publications including Forbes, The Wall Street Journal, and The Los Angeles Times for an innovative financing solution to the high cost of rent in major cities implemented by his housing and hospitality company, StayTony.

Michael Sloan
Michael Sloan
Director and President

Mike Sloan is a Founder and Director of W Motorhome Sales North America. Previously, Mike served as Director of Data Analytics at SoftBank Investment Advisers and as Head of Data Analytics at Citadel Investment Group's long/short equity platform, Ashler Capital. Prior to joining Citadel, Mike oversaw two product development teams (accounting for more than half of revenue) at recently minted unicorn, YipitData. Earlier in his career, Mike was a partner at hedge fund, Harvey Partners. Mike holds a JD and MBA from Columbia University and a MA and BA from Stanford University. 

Joel Sevilla

Joel Sevilla

Head of Product Development

Joel Sevilla is Head of Product Development at W Motorhome Sales North America, Inc. Joel is an Emmy-nominated visual effects artist and the co-founder and President of Track Visual Effects providing VFX for some of Hollywood’s biggest Films, TV and Commercials. Joel is also the Owner and President of Atlas Cloud, a cloud computing and colocation data center in Vancouver, Canada. In addition to his VFX and cloud computing careers, Joel previously owned and operated a Planet Fitness franchise in Anaheim, CA for 10 years.

Joel Sevilla works 2 hours per week on W Motorhome Sales North America.

Mel Flanigan

Mel Flanigan


Mel served as the CFO of Camping World Holdings, Inc (NYSE: CWH) from January 2019 to June 2020. Mr. Flanigan previously served as the Executive Vice President, Finance and CFO of DTS, Inc. (DTS), a leader in high-definition and wireless audio, licensing branded intellectual property to entertainment technology markets worldwide. 

Mel is available as needed & contributes 1 hour per month thus far on W Motorhome Sales North America.

Norm Dorf

Norm Dorf


Norm is the owner and President of Honda of Tenafly, which has been serving the tri-state area for 84 years. He is also the Owner of D&C Autobody. Norm received a JD from Brooklyn Law School and a BBA from George Washington University.

Norm Dorf contributes 1 hour per week on W Motorhome Sales North America.

Mike Frumin

Mike Frumin


Michael serves as Director of Product and Data Science at Lyft for Transit, Bikes and Scooters. Prior to joining Lyft, Michael led a team of 60 software electrical and mechanical engineers as VP of Engineering at Motivate, North America’s largest owner, operator and supplier of bikeshare systems. Also during his 15 years of experience in technology and transportation systems, Michael held two leadership roles at the Metropolitan Transportation Authority (MTA) in New York. He earned a Bachelor of Science in Computer Science from Stanford University and a Masters in Transportation and Operations Research from the Massachusetts Institute of Technology.

Mike Frumin is available as needed & contributes about 1 hour per month thus far on W Motorhome Sales North America.


W Motorhome Sales North America
Aug 25, 2023
$15k - $1.23M
Common Stock
Common Stock

Maximum Number of Shares Offered subject to adjustment for bonus shares

Most Recent Fiscal Year-End

Prior Fiscal Year-End

Total Assets



Cash & Cash Equivalents



Accounts Receivable



Short-Term Debt



Long-Term Debt



Revenue & Sales



Costs of Goods Sold



Taxes Paid



Net Income



*Maximum number of shares offered subject to adjustment for bonus shares. See Bonus info below.

Voting Rights of Securities Sold in this Offering

Voting Proxy. Each Subscriber shall appoint the Chief Executive Officer of the Company (the “CEO”), or his or her successor, as the Subscriber’s true and lawful proxy and attorney, with the power to act alone and with full power of substitution, to, consistent with this instrument and on behalf of the Subscriber, (i) vote all Securities, (ii) give and receive notices and communications, (iii) execute any instrument or document that the CEO determines is necessary or appropriate in the exercise of its authority under this instrument, and (iv) take all actions necessary or appropriate in the judgment of the CEO for the accomplishment of the foregoing. The proxy and power granted by the Subscriber pursuant to this Section are coupled with an interest. Such proxy and power will be irrevocable. The proxy and power, so long as the Subscriber is an individual, will survive the death, incompetency and disability of the Subscriber and, so long as the Subscriber is an entity, will survive the merger or reorganization of the Subscriber or any other entity holding the Securities. However, the Proxy will terminate upon the closing of a firm-commitment underwritten public offering pursuant to an effective registration statement under the Securities Act of 1933 covering the offer and sale of Common Stock or the effectiveness of a registration statement under the Securities Exchange Act of 1934 covering the Common Stock.

Investment Incentives & Bonuses*


Friends and Family Early Birds

Invest within the first 48 hours and receive 20% bonus shares.

Super Early Bird Bonus

Invest within the first week and receive 15% bonus shares. 

Early Bird Bonus

Invest within the first two weeks and receive 10% bonus shares.



5% bonus shares


10% bonus shares


12 hour rental of a fully furnished and fully stocked Wingamm Oasi 540.1 for a day trip in the continental United States.


24 hour rental of a fully furnished and fully stocked Wingamm Oasi 540.1 in the continental United States.


15% bonus shares


Airfare and hotel for two adults and 3 night rental of a fully furnished and fully stocked Wingamm Oasi 540.1 in the continental United States with optional curated itinerary.


20% bonus shares


All expenses paid trip to Verona Italy for two adults to tour the factory and showroom 


Airfare and hotel for two adultsto travel to Verona, Italy to tour the Wingamm Group factory and showroom and rental of a fully furnished and fully stocked Wingamm motorhome for 7 nights with optional curated itinerary. 

*In order to receive perks from an investment, one must submit a single investment in the same offering that meets the minimum perk requirement. Bonus shares from perks will not be granted if an investor submits multiple investments that, when combined, meet the perk requirement. All perks occur when the offering is completed.

The 10% StartEngine Owners' Bonus

W Motorhome Sales North America, Inc. ("W Motorhome Sales North America" or the "Company") will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.

This means eligible StartEngine shareholders will receive a 10% bonus for any shares they purchase in this offering. For example, if you buy 100 shares of Common Stock at $5.25 / share, you will receive 110 shares of Common Stock, meaning you'll own 110 shares for $525. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.

This 10% Bonus is only valid during the investors eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are canceled or fail.

Investors will receive the highest single bonus they are eligible for among the bonuses based on the amount invested and time of offering elapsed (if any). Eligible investors will also receive the Owner’s Bonus in addition to the aforementioned bonus.

Irregular Use of Proceeds

Example - The Company might incur Irregular Use of Proceeds that may include but are not limited to the following over $10,000: Vendor payments and salary made to one's self, a friend or relative; Any expense labeled "Administration Expenses" that is not strictly for administrative purposes; Any expense labeled "Travel and Entertainment"; Any expense that is for the purposes of inter-company debt or back payments.



Thank you RV Travel!

Check out the link to the full article here:

Now in the U.S.—You must see this 17’ micro Class B motorhome!


Article Image
The Autopian

This Tiny Motorhome Drives Like A Car And Is Shorter Than A Pickup Truck

Article Image
Gear Patrol

This Tiny RV Is a Whole New Type of Awesome Camper Van

Article Image
New Atlas

Italian-designed Wingamm micro RV could be America's favorite camper

Article Image
Trip Savy

These Luxury RVs Are Reimagining Home on the Road

Article Image
Spectrum News 1

Wingamm luxury Italian RV maker struts its stuff at Santa Monica Place


Owners bonus
Stack Owner's Bonus & Rewards!

Members get an extra 10% shares in addition to rewards below!


Multiple investments in an offering cannot be combined to qualify for a larger campaign perk. Get rewarded for investing more into W Motorhome Sales North America.



Felix Vayssieres

a month ago

Given that your company is a distributer for another company how would you go about eventually repaying investors? Get bought out by Wingamm Group? Go public (Wingamm Group is still a private company)? Pay dividends? Thanks




2 months ago

Tony, The Wayward Home podcast provided great info. But can you give a little more info on the coach power system? In the podcast you say there is a Li battery option. The solar at 210 W would be just a trickle charger. But you mentioned something that sounded like Led 300 hybrid system. Can you clarify? Also what is the fresh water tank capacity? Any other coach operational specs available? Refrig size, H2O heating system, etc. Thx.



Daniel Kohnen

3 months ago

How will W Motorhome Sales make money? I am unclear on what I would be investing in - are you a "middle man" solely for distribution in the US and Canada? What are your anticipated margins on sales? Wingamm itself appears to be an excellent product with a lot of potential in North America. Does the debt shown on your balance sheet represent the purchase price (or a portion thereof) of the distributorship rights? Thank you.



Christopher Lill

4 months ago

A very beautiful RV indeed, so let’s talk power. How much HP power are we talking and type of engine? Thx



John Trapani

4 months ago

Tony, what will the new capital be used for? The company already has $1.7M in debt, what was that money used for? As potential equity investors, can we see the 5 yr financial plan? Thanks



Arland Smith

4 months ago

For Tiers 3, 4, 6, 8 and 9 what are the restrictions/availability regarding timing of redeeming the bonus for trips and rentals.



Avery Dumke

4 months ago

Hello, I’ve been following Wingamm for a while now. Huge fan! Anyways can you give more detail on the distribution agreement that WMotorhomes has with Wingamm? For every motor home sold how much can WMotorhomes expect to pocket?



Bradley Evsich

4 months ago

Where can I find more information regarding the extra incentives on Tiers 3/4, 6, 8, and 9 in terms of timelines to use, dates available, and any other additional information such as itineraries?



Bradley Evsich

4 months ago

Hi, I have a question. For this: “ Investment Incentives & Bonuses* Time-Based: Friends and Family Early Birds -Invest within the first 48 hours and receive 20% bonus shares. Super Early Bird Bonus -Invest within the first week and receive 15% bonus shares. Early Bird Bonus -Invest within the first two weeks and receive 10% bonus shares.” Does this include all investment amounts or is it only for the $252 F&F investment within the first 48 hours? Example: if I invested $1,000 within the 1st 2 weeks, would I receive 10% bonus shares for the Early bird bonus? Thanks Bradley




Cancel anytime before 48 hours before a rolling close or the offering end date.



We want you to succeed and get the most out of your money by offering rewards and memberships!


Your info is your info. We take pride in keeping it that way!


Invest in over 200 start-ups and collectibles!

With Regulation A+, a non-accredited investor can only invest a maximum of 10% of their annual income or 10% of their net worth per year, whichever is greater. There are no restrictions for accredited investors.

With Regulation Crowdfunding, non-accredited investors with an annual income or net worth less than $124,000, are limited to invest a maximum of 5% of the greater of those two amounts. For those with an annual income and net worth greater than $124,000, he/she is limited to investing 10% of the greater of the two amounts.

At the close of an offering, all investors whose funds have “cleared” by this time will be included in the disbursement. At this time, each investor will receive an email from StartEngine with their Countersigned Subscription Agreement, which will serve as their proof of purchase moving forward.

Please keep in mind that a company can conduct a series of “closes” or withdrawals of funds throughout the duration of the campaign. If you are included in that withdrawal period, you will be emailed your countersigned subscription agreement and proof of purchase immediately following that withdrawal.

StartEngine assists companies in raising capital, and once the offering is closed, we are no longer involved with whether the company chooses to list shares on a secondary market, or what occurs thereafter. Therefore, StartEngine has no control or insight into your investment after the close of the live offering. In addition, we are not permitted to provide financial advice. You may want to contact a financial professional to discuss possible investment outcomes.

For Regulation Crowdfunding, investors are able to cancel their investment at any point throughout the campaign up until 48 hours before the closing of the offering. Note: If the company does a rolling close, they will post an update to their current investors, giving them the opportunity to cancel during this timeframe. If you do not cancel within this 5-day timeframe, your funds will be invested in the company, and you will no longer be able to cancel the investment. If your funds show as ‘Invested’ on your account dashboard, your investment can no longer be canceled.

For Regulation A+, StartEngine allows for a four-hour cancelation period. Once the four-hour window has passed, it is up to each company to set their own cancelation policy. You may find the company’s cancelation policy in the company’s offering circular.

Once your investment is canceled, there is a 10-day clearing period (from the date your investment was submitted). After your funds have cleared the bank, you will receive your refund within 10 business days.

Refunds that are made through ACH payments can take up to 10 business days to clear. Unfortunately, we are at the mercy of the bank, but we will do everything we can to get you your refund as soon as possible. However, every investment needs to go through the clearing process in order to get sent back to the account associated with the investment.

Both Title III (Regulation Crowdfunding) and Title IV (Reg A+) help entrepreneurs crowdfund capital investments from unaccredited and accredited investors. The differences between these regulations are related to the investor limitations, the differing amounts of money companies are permitted to raise, and differing disclosure and filing requirements. To learn more about Regulation Crowdfunding, click here, and for Regulation A+, click here.


Get To Know Us

Our Team



Important Message

Unless indicated otherwise with respect to a particular issuer, all securities-related activity is conducted by regulated affiliates of StartEngine: StartEngine Capital, LLC, a funding portal registered here with the US Securities and Exchange Commission (SEC) and here as a member of the Financial Industry Regulatory Authority (FINRA), or StartEngine Primary, LLC, a broker-dealer registered with the SEC and FINRASIPC . You can review the background of our broker-dealer and our investment professionals on FINRA’s BrokerCheck here. StartEngine Secondary is an alternative trading system regulated by the SEC and operated by StartEngine Primary, LLC, a broker dealer registered with the SEC and FINRA. StartEngine Primary, LLC is a member of SIPC and explanatory brochures are available upon request by contacting SIPC at (202) 371-8300.

Investment opportunities posted and accessible through the site are of three types:

1) Regulation A offerings (JOBS Act Title IV; known as Regulation A+), which are offered to non-accredited and accredited investors alike. These offerings are made through StartEngine Primary, LLC (unless otherwise indicated). 2) Regulation D offerings (Rule 506(c)), which are offered only to accredited investors. These offerings are made through StartEngine Primary, LLC. 3) Regulation Crowdfunding offerings (JOBS Act Title III), which are offered to non-accredited and accredited investors alike. These offerings are made through StartEngine Capital, LLC. Some of these offerings are open to the general public, however there are important differences and risks.

Any securities offered on this website have not been recommended or approved by any federal or state securities commission or regulatory authority. StartEngine and its affiliates do not provide any investment advice or recommendation and do not provide any legal or tax advice with respect to any securities. All securities listed on this site are being offered by, and all information included on this site is the responsibility of, the applicable issuer of such securities. StartEngine does not verify the adequacy, accuracy or completeness of any information. Neither StartEngine nor any of its officers, directors, agents and employees makes any warranty, express or implied, of any kind whatsoever related to the adequacy, accuracy, or completeness of any information on this site or the use of information on this site. See additional general disclosures here.
By accessing this site and any pages on this site, you agree to be bound by our Terms of use and Privacy Policy, as may be amended from time to time without notice or liability.

Canadian Investors Investment opportunities posted and accessible through the site will not be offered to Canadian resident investors. Potential investors are strongly advised to consult their legal, tax and financial advisors before investing. The securities offered on this site are not offered in jurisdictions where public solicitation for offerings is not permitted; it is solely your responsibility to comply with the laws and regulations of your country of residence.

California Investors Only – Do Not Sell My Personal Information

(800-317-2200). StartEngine does not sell personal information. For all customer inquiries, please write to

StartEngine’s Reg A+ offering is made available through StartEngine Crowdfunding, Inc. This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment. For more information about this offering, please view StartEngine’s offering circular and risk associated with this offering.

StartEngine Marketplace

The availability of company information does not indicate that the company has endorsed, supports, or otherwise participates with StartEngine.

None of the information displayed on or downloadable from (the 'Website') represents a recommendation, offer, or solicitation of an offer to buy or sell any security. It also does not constitute an offer to provide investment advice or service. StartEngine does not (1) make any recommendations or otherwise advise on the merits or advisability of a particular investment or transaction, or (2) assist in the determination of fair value of any security or investment, or (3) provide legal, tax, or transactional advisory services.

All investment opportunities are based on indicated interest from sellers and will need to be confirmed.

Investing in private company securities is not suitable for all investors. An investment in private company securities is highly speculative and involves a high degree of risk. It should only be considered a long-term investment. You must be prepared to withstand a total loss of your investment. Private company securities are also highly illiquid, and there is no guarantee that a market will develop for such securities. Each investment also carries its own specific risks, and you should complete your own independent due diligence regarding the investment. This includes obtaining additional information about the company, opinions, financial projections, and legal or other investment advice. Accordingly, investing in private company securities is appropriate only for those investors who can tolerate a high degree of risk and do not require a liquid investment.

StartEngine Marketplace (“SE Marketplace”) is a website operated by StartEngine Primary, LLC (“SE Primary”), a broker-dealer that is registered with the SEC and a member of FINRA and the SIPC. StartEngine Bulletin Board ("SE BB") is a bulletin board platform that advertises interest in shares of private companies that previously executed Reg CF or Reg A offerings. SE BB enables shareholders to communicate interest in potential sales of shares in private companies and investors to discover, review, and potentially invest in private companies. As a bulletin board platform, SE BB provides a venue for investors to access information about private company offerings and connect with potential sellers. SE BB is distinct and separate from StartEngine Secondary (“SE Secondary”), which is an SEC-registered Alternative Trading System (ATS) operated by SE Primary. SE Secondary facilitates the trading of securities by matching orders between buyers and sellers and facilitating executions of trades on the platform. While a security may be displayed on the bulletin board, these securities will be subject to certain restrictions which may prevent the ability to buy and sell these securities in a timely manner, if at all. Even if a security is qualified to be displayed on the bulletin board, there is no guarantee an active trading market for the securities will ever develop, or if developed, be maintained. You should assume that you may not be able to liquidate your investment for some time or be able to pledge these shares as collateral.