From: Josh Logan
Sent: February 18, 2007
Subject: File No. S7-25-06
Regarding QUALIFIED investors ( in partnerships HEDGE FUNDS , etc )
Keep the MINIMUM at 1.5 million dollars !
or better yet REDUCE it to ONE MILLION !!!
You can not equate financial wisdom with NET WORTH
an 18 year old inherits 40 million
while a 40 year old man builds his business
from NOTHING to 2 million NET WORTH
who has smarter financial IQ ?????
Rising the MINIMUM just plays to the ELITE
with MONEY Not necessarily SMARTS