In the Form C it states "The offering price for our Class C Membership Units results in an implied valuation of $96,300,000. This implied valuation has been determined arbitrarily by the management of the Company without reference to the Company's book value, assets, earnings,...

Mr. Berard, Thank you for reaching out to us. If I understand your question correctly, you are speaking exclusively about the valuation of our Class C shares, as printed on our Form C. Upon review, I have noticed that you are 100% correct. There is a typo on our Form C. THANK YOU for bringing this to our attention. The correct valuation of the Class C Units is $963,000. The valuation of ALL Membership Units of The OmniPad Company, LLC is $9,630,000, inclusive of all Class A, B, and C Units; T...

Do you intend to pay a dividend?

Mr. Vom Lehn, Thank you for your question. To clarify what a divided is for other Crowd Funding Investors: A dividend is a payment made by a corporation to its shareholders, usually as a distribution of profits. When a corporation earns a profit or surplus, the corporation is able to re-invest the profit in the business and pay a proportion of the profit as a dividend to shareholders. Dividends may be paid in the form of cash or additional shares. When The OmniPad Company becomes profitable w...

Do you accept investors from Africa

Esnart, Yes, The OmniPad Company certainly accepts investors from all over the globe. We would be delighted to welcome you to our team!

I see this offer is for membership in a LLC. I've been looking at the U.S. tax implications. Since OmniPad will be operating across the country, is it possible for an investor to be liable for personal income tax in a state other than his residence? This question would seem to...

Mr. Compton,Thank you for your question. I would like to begin by stating that I am not a tax specialist. I recommend that by consulting with a CPA you would get a most accurate answer with greater definition. To the best of my knowledge, profits from the sale of securities (such as shares of stock) are considered Capital Gains. Conversely, I suspect losses incurred from the sale of securities may possibly be used to offset your overall tax liability. Possibly so, but...

Mr Epstein, As you come to have a salable consumer product how will you approach distribution? i would love to be involved in other country opportunities.

Mr. Elder,As we progress we will be establishing broad-spanning distribution channels throughout the world. If you would be kind enough to forward your credentials relating to international consumer product distribution and merchandising we will gladly review and keep you and your team in mind for those purposes. My email is: Neil@OmniPad.com.Thank you for reaching out and offering your assistance. It appears that you are equally excited about the wide array of applications and reve...

OmniPad Company

The Ultimate Solution for 360° Virtual Reality Gaming, Training, & Exercise

omnipad.com

Redwood City, CA

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