Correspondence 0001903596-24-000400 from CAM GROUP, INC. (CAMG) (CIK 0001419559) (CAMG)
CAM GROUP, INC. (CAMG) (CIK 0001419559)
Date: July 9, 2024 · CIK: 0001419559 · Accession: 0001903596-24-000400
AI Filing Summary & Sentiment
File numbers found in text: 024-12339
Referenced dates: November 2, 2023
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CORRESP
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CAM Group, Inc.
5900 Balcones Drive
Suite 100
Austin, TX
78731
July 9, 2024
Re: CAM
Group, Inc.
Amendment
No. 2 to Offering Statement on Form 1-A
Filed
February 9, 2024
File
No. 024-12339
Dear: Mr. Nicholas Nalbantian
Please see the answer to your comments
below.
Amendment No. 2 to Offering Statement
on Form 1-A filed February 9, 2024
Risk Factors
Risks Related to the Company and Its
Business, page 11
1. We
note the removal of the risk factor titled "Manage potential future acquisitions, investments,
divestitures, joint ventures and other transactions successfully, these activities could
adversely affect our future financial results." However, on page 30 you disclose that
you envision making "multiple major acquisitions." Please restore the risk factor
disclosure, or alternatively, please explain why it is no longer material.
Our risk disclosure has
been updated to add above mentioned risks related to future acquisitions.
The Company may lose the benefit of
a Regulation A exemption in the event our principal place of business shifts to outside the..., page 12
2. We
note your response to our prior comment 1 and reissue in part. We acknowledge the addition
of this risk factor; however, so that potential investors can better understand, please also
explain what consequences losing the benefit of the Regulation A exemption could have on
your business or the price/liquidity of your securities.
We have updated the filing
to provide additional information including explanation of what consequences losing the benefit of the Regulation A exemption could have
on your business.
General
3. We
refer to our prior comment 8 in our letter dated November 2, 2023. Please provide a written
representation confirming that at least one state has advised the company that it is prepared
to qualify or register the offering. We acknowledge your previous response that you intend
to submit applications in Texas, Wyoming and Colorado, but no confirmation has been included
in this or the previous amendment.
We confirm that the State
of Texas has advised us that it is prepared to qualify the offering.
Please contact me
at ra.pinedo@camgdefense.com or capitalmarketssecurities@gmail.com with further inquiries.
Thank you.
Sincerely,
/s/ Rafael
Pinedo
Rafael Pinedo
Chairman, CAM Group,
Inc.