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Why are investment terms prohibited?

Investment terms are prohibited because GRA is not an investment adviser, placement agent, investment committee, fundraising platform, securities marketplace, broker-dealer, or transaction execution venue. 

Participants must not discuss valuation, target returns, allocation intent, fund commitments, securities terms, subscription terms, investment structures, cap tables, shareholder rights, liquidity preferences, exit terms, pricing of securities, trading intentions, portfolio positions, or investment committee decisions in ordinary GRA settings. 

Capital-Reader Rooms and finance-readiness dockets may examine capital readability, diligence gaps, risk-to-capital framing, governance questions, evidence needs, and proof-pack sufficiency. But they do not create investment advice, investor interest, endorsement, allocation, or commitment. 

An investor may participate in a readiness role without committing capital. A capital reader may review readiness questions without acting as an investor. A project proponent must not treat GRA discussion as investment validation. 

If investment activity is needed, it must occur separately through lawful processes conducted by competent institutions and professionals outside GRA. 

GRA supports readiness. It does not negotiate investments. 

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