SEC Comment Letter 0000000000-24-007134 to Robert Ventures Holdings LLC (CIK 0001991519)
Robert Ventures Holdings LLC (CIK 0001991519)
Date: June 24, 2024 · CIK: 0001991519 · Accession: 0000000000-24-007134
AI Filing Summary & Sentiment
File numbers found in text: 024-12331
Referenced dates: March 12, 2024
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United States securities and exchange commission logo
June 24, 2024
Joseph Robert
Chief Executive Officer
Robert Ventures Holdings LLC
2810 N. Church St.
#28283
Wilmington, DE 19802
Re:Robert Ventures Holdings LLC
Amendment No. 4 to Offering Statement on Form 1-A
Filed May 29, 2024
File No. 024-12331
Dear Joseph Robert:
We have reviewed your amended offering statement and have the following comments.
Please respond to this letter by amending your offering statement and providing the
requested information. If you do not believe a comment applies to your facts and circumstances
or do not believe an amendment is appropriate, please tell us why in your response.
After reviewing any amendment to your offering statement and the information you
provide in response to this letter, we may have additional comments. Unless we note otherwise,
any references to prior comments are to comments in our May 14, 2024, letter.
Amendment 4 for Form 1-A filed May 29, 2024
Management's Discussion and Analysis, page 32
1.We note your disclosure in response to prior comment 4. Please clarify whether and for
what period of time you have have extended the Cobia loan, as we note that the loan was
due nine months after its date of July 8, 2023, or by April 8, 2024.
Financial Statements, page F-1
2.We note your responses to prior comments 6, 7 and 8, and continued inclusion of financial
statements provided by your former auditor which performed prohibited services during
the audit and professional engagement period, and await the filing of your amended Form
1-A to address such comments.
FirstName LastNameJoseph Robert
Comapany NameRobert Ventures Holdings LLC
June 24, 2024 Page 2
FirstName LastName
Joseph Robert
Robert Ventures Holdings LLC
June 24, 2024
Page 2
General
3.We note your revised disclosure indicates that the Company “will also review its
investment portfolio on an annual basis to ensure that its digital asset holdings, other than
Bitcoin or Ether (which the Company has determined are not securities), do not meet or
exceed 40% of the Company’s total assets (exclusive of Government securities or cash
items) on an unconsolidated basis.” Please address whether the Company’s plans to make
such assessments on an annual basis (rather than, for example, on a quarterly basis) may
subject the Company to increased risks of inadvertently becoming an investment
company. In this regard, we note that the Company could inadvertently trigger the
definition in Section 3(a)(1)(C) at the end of any of its fiscal quarters (and, more
generally, the Company may trigger the definition under Section 3(a)(1)(A) at any time).
4.We note your response to comment 10, which provides a conclusory assertion that the
Company has “no assets which are considered securities” and appears to indicate that as
of the Company’s most recent fiscal quarter ended, the Company holds only cash in
demand deposit bank accounts, cash in an interactive broker’s account, and de minimis
cash in a Payward Ventures account. To the extent the Company holds any assets that are
not demand deposits in bank accounts (or the de minimis amount in the Payward Ventures
account)—including, for example, an “interest receivable”— please provide the analysis
requested in comment 15 of our letter dated March 12, 2024.
Please contact Kristina Marrone at 202-551-3429 or Mark Rakip at 202-551-3573 if you
have questions regarding comments on the financial statements and related matters. Please
contact Stacie Gorman at 202-551-3585 or Pam Long at 202-551-3765 with any other questions.
Sincerely,
Division of Corporation Finance
Office of Real Estate & Construction
cc: Arden Anderson, Esq.