Regulation A+ Offering: Hype or Reality?
Regulation A+ Offering: Hype or Reality?
Blog Article
Crowdfunding continues to disrupt the financial landscape, offering new ways for companies to raise capital. Within this realm, Regulation A+ offerings have emerged as a popular method, allowing businesses to secure funds from a wider pool of investors. However, the hype surrounding Regulation A+ has sparked debate about its viability.
Is it truly a game-changer for startups and growing companies or merely a fleeting trend? This article delves into the details of Regulation A+ offerings, exploring both the perks and challenges. We'll analyze real-world examples, opinions from industry experts, and regulatory directions to provide a balanced evaluation of this intriguing financing model.
- Furthermore, we'll discuss the adapting regulatory environment and its impact on Regulation A+ offerings.
- Ultimately, investors seeking to contribute in this crowdfunding trend should evaluate the potential risks and rewards carefully.
Navigating Regulation A+ in the realm of Startups
Regulation A+, a relatively novel fundraising mechanism, presents a special opportunity to startups seeking to secure capital. This classification of SEC regulation permits companies to widely offer their securities to the vast public, thereby broadening their potential investor base.
Startups considering Regulation A+ should thoroughly evaluate its applicability to their individual circumstances.
- Fundamental factors to ponder include the complexity of the regulatory process, compliance requirements, and the potential costs associated with this fundraising route.
- Moreover, startups should develop a detailed investor communications strategy to effectively communicate information about their venture and the conditions of the offering.
Obtaining expert guidance from financial professionals is essential to navigate the complexities of Regulation A+ and ensure a smooth fundraising effort.
Unlock Title IV Reg A+ - Crowdfunder Blog
Dive thoroughly into the world of Title IV Regulation A+, a funding mechanism that empowers businesses to raise capital from the public through crowdfunding. Our latest infographic breaks down the intricacies of Reg A+, highlighting its key aspects and potential advantages for both companies and investors.
- Learn how Title IV Reg A+ differs from traditional funding methods.
- Acquire insights into the licensing process for public offerings.
- Delve the diverse range of industries utilizing Reg A+ financing.
Visit our blog to access the infographic and stay informed about the latest trends in Title IV Regulation A+.
Fundraising Framework - Securex Filings LLC
Securex Filings LLC assists/supports/guides companies/businesses/enterprises in navigating the complexities of the/a/its Regulation A+ process/framework/system. This tier/stage/level of securities registration/filing/offering allows publicly traded/non-traded/privately held companies to raise capital/funds/equity from a wider pool/range/spectrum of investors/individuals/participants while providing greater/increased/enhanced transparency/disclosure/accessibility. Securex Filings LLC's team/experts/specialists possess/have/demonstrate in-depth knowledge/understanding/expertise of the Regulation A+ regulations/requirements/guidelines, ensuring a streamlined/efficient/comprehensive filing/submission/process.
Masses Crowdfunding
The world of finance is undergoing a revolution, fueled by the power of collective action. Previously reserved, access to funding is now within reach of everyday people thanks to innovative crowdfunding platforms. These platforms support individuals and businesses to secure capital directly from the community.
Say goodbye when financial support was solely controlled by established institutions. Crowdfunding has empowered the funding landscape, allowing anyone with a inspiring idea to secure the resources they need to make their dream a reality.
From art projects to social initiatives, crowdfunding has become a powerful tool for driving change. Supporters can now directly contribute to causes they care about and play an active role in shaping the future.
StreetShare
StreetShares is a innovative online platform that pairs small businesses with alternative investors. It provides businesses with funding through capital, empowering them to grow. By transforming the lending landscape, StreetShares encourages small businesses to reach their full potential in their communities.
- StreetShare offers a variety of financing options tailored to the needs of small businesses.
- StreetShares' system is known for its user-friendliness, making it convenient for entrepreneurs of all sizes
- StreetShare has supported thousands of small businesses to succeed since its establishment.
Harnessing Regulation A+ for Thriving Fundraising
Regulation A+ has emerged as a powerful tool for companies seeking to raise resources in the public markets. This groundbreaking regulatory framework enables businesses to attract investment from a broad range of supporters. By leveraging the flexibility of Regulation A+, companies can maximize their fundraising efforts, consequently fueling their growth.
To effectively utilize Regulation A+ for fundraising, businesses should thoroughly plan a comprehensive offering prospectus. This document should concisely articulate the company's vision, sector potential, and economic estimates.
Additionally, companies should build a robust alliance with qualified financial advisors who are familiar in the intricacies of Regulation A+.
The SEC's EquityNet
SEC EquityNet is a/serves as/functions as an online platform that empowers/facilitates/enables access to private market investments. It offers/provides/presents a comprehensive database/repository/catalog of investment opportunities from various/numerous/diverse companies. Registered investors can browse/explore/review these offerings, conduct due diligence, and potentially/may/could participate in rounds/deals/transactions. EquityNet plays a/serves as/acts as a vital/crucial/essential resource for both individual investors and businesses/companies/entrepreneurs seeking capital.
A+ Offering Rules
Regulation A+, often known as Reg A Plus, is a regulation within the U.S. securities regulations that allows private companies to raise capital from public investments . A company conducting a A+ Offering can seek up to fifty million dollars in funds. These offerings are governed by the Securities and Exchange Commission (SEC) {and offer companies with a streamlined path for public fundraising compared to traditional initial public offerings (IPOs).{
- Core elements of Regulation A+ include:
- Offering amounts are relatively low compared to IPOs.{
- Streamlined filing process.{
- Investor base are primarily accredited individuals .In conclusion, navigating Regulation A+ crowdfunding requires a comprehensive grasp on the regulations. Engaging experts in securities law and financial professionals is crucial to avoid pitfalls this regulatory landscape.
Offering Requirements Under Regulatory Oversight
Successful implementing a offering involves meeting stringent governing requirements. These requirements often encompass various aspects, such as compliance with legislation, licensing protocols, and disclosure standards. Regulators typically define these requirements to ensure investors and promote a stable financial market. Understanding these regulatory expectations is crucial for businesses to conduct legally in the financial marketplace.
Legislation + Investopedia
Investopedia serves as a comprehensive resource for understanding financial concepts, and regulation plays a pivotal role in this landscape. Whether you're exploring the intricacies of stock exchanges , delving into the complexities of regulatory frameworks , or simply seeking to grasp the impact of laws and regulations on the financial world, Investopedia offers a wealth of information . Its articles, tutorials, and glossary provide insights on the evolving regulatory environment, empowering individuals to make informed decisions in the realm of finance.
Our Initial Public Offering (IPO) First JOBS Act Company Launches On The OTCQX Exchange Through Reg A+
After months of intensive/dedicated/arduous work and preparation, we are thrilled to announce that our/my/the mini-IPO, powered by the JOBS Act and conducted through a Reg A+ offering, has successfully taken place. Our company/My company/The company, now publicly traded on the OTCQX market, is poised for exponential/rapid/sustained growth as we embark on this exciting new chapter.
This milestone marks a significant/pivotal/monumental achievement for our team and validates/demonstrates/confirms the strong belief in our vision and products/services/platform. We are incredibly grateful for the support of our investors, advisors, and employees who have been instrumental in making this dream a reality.
Looking ahead/Moving forward/As we progress, we are focused on expanding/scaling/growing our operations, leveraging/utilizing/harnessing the OTCQX platform to its fullest potential, and delivering exceptional value to our stakeholders/our investors/the market.
- We encourage you to follow our journey/Stay tuned for updates/Keep an eye on our progress as we navigate this new terrain.
- Together, we will achieve great things/This is just the beginning of our success story/The future is bright for our company/my company/the company.
Facilitate Reg A+ Funding Rounds on the Platform
FundersClub is thrilled to announce it's now enabling Reg A+ raises on its platform. This exciting development provides a new avenue for companies to access capital from the general investor base. Reg A+ guidelines provide a streamlined and efficient means for companies to raise capital from various investors, such as both accredited and non-accredited participants. This addition strengthens FundersClub's dedication to leveling the playing field access to capital for growth-stage companies.
Securities Regulation
Regulation A+, often referred to as Reg A+, offers a pathway for enterprises to attract capital through the public market. Unlike traditional initial public offerings (IPOs), Reg A+ is designed to be more accessible for smaller businesses. Through this process, companies can sell their securities directly to the public.
Websites enabling crowdfunding have emerged as a primary mechanism for Reg A+ offerings. These platforms connect companies with potential financiers, often utilizing an online network.
- Some popular crowdfunding platforms that host Reg A+ offerings comprise
Regulation A+
A Reg A+ is a type of securities offering/registration/transaction that allows companies to raise capital from the public/general investing population/marketplace without having to undergo the complexities/rigors/challenges of a traditional IPO/Initial Public Offering/stock market launch. Companies choose this avenue/path/route because it offers a more streamlined/efficient/affordable process and can be particularly beneficial for startups/small businesses/emerging companies looking to secure funding for growth or expansion.
- Key benefits of Regulation A+ offerings include:
- Increased access to capital for companies:
- Reduced regulatory burdens compared to traditional IPOs:
- Opportunity to build a wider shareholder base through public exposure/marketing/awareness:
Rule 506(c) Guidelines for Fundraising
When it comes to exempt offerings and fundraising, understanding the nuances of Regulation A+ is paramount. Government agencies have established detailed rules and guidelines designed to ensure transparency for both issuers seeking capital and participants . A+ Regulation offers a path for startups to raise considerable amounts of capital from the wider market, subject to specific protocols . Understanding these regulations can be challenging , making it crucial for businesses seeking funding to seek expert guidance .
- Fundamental principles of Regulation A+ include information sharing obligations aimed at providing backers with a comprehensive understanding of the offering.
- Background checks play a essential role in ensuring the integrity of offerings under Regulation A+.
- Continuous disclosure is mandatory to maintain investor confidence .
ShareSlide
SlideShare serves as a platform for displaying business presentations. Users can upload their own slides on a variety of topics, ranging from {marketing to technology{ to personal development. SlideShare is widely used by professionals, educators, and individuals to exchange information.
- You can find an extensive collection of content covering a spectrum of industries and disciplines.
- Creating a SlideShare presentation can be easily accomplished.
- {The platform allows for|You are able to embed audio files to enrich your presentations.
Rule A Securities Act of 1933 Jobs Act Paragraph 106 Reg A Tier 2 Fundraising
The Capital Markets Reform Act of 2010, also widely known as the Jobs Act, introduced significant amendments to the Securities Act of 1933. One key modification was Regulation A Tier 2, a streamlined mechanism for companies to raise capital through equity sales . Reg A Tier 2 allows businesses to offer securities to the public without the rigorous registration requirements of a traditional IPO. IPO Stock This path can be particularly beneficial for small and medium-sized enterprises (SMEs) seeking resources.
- Usually, , Reg A Tier 2 campaigns are limited to procuring a maximum of twenty million dollars per year.
- Companies utilizing Reg A Tier 2 must still conform with certain disclosure requirements, but the responsibility is substantially less than a traditional IPO.
Governed by the Securities and Exchange Commission (SEC), Reg A Tier 2 provides a valuable tool for companies to access public capital markets in a more expeditious manner. Nonetheless, , it is essential for companies exploring this method to carefully consult with legal and financial advisors to ensure full conformity with all applicable regulations.
Managing Text
When handling text, regulation is essential. This helps guarantee quality and prevent challenges. {Regulations canfocus on various aspects of text, such as content. They might specify formatting requirements. By implementing these regulations, we can create a more cohesive and professional tone of written communication.
Legislation A+ Offering Regulation A Plus
When considering a Venture with a Regulation A+ offering, it's crucial to thoroughly Analyze the Terms. These offerings provide Individuals the chance to invest in Growing companies while benefiting from Targeted Guidelines. Regulation A+ presents a Streamlined pathway for companies seeking Funding, allowing them to Raise capital from a broader range of Sources.
- Understand the Framework of Regulation A+ offerings.
- Consider the risks and Rewards involved.
- Consult with a qualified Investment professional.
Regulation A vs. Regulation D FRB
When navigating the world of securities offerings and bank regulations, understanding the distinctions between Regulation A and Rule D issued by the Federal Reserve Board (FRB) is crucial. Regulation A, often known as, a "mini-IPO," provides an exemption from certain registration requirements for offerings of up to a fixed value. In contrast, Regulation D governs private placements and offers exemptions to securities sales to accredited investors.
Choosing between these two regulations hinges on several factors, including the scope of the offering, the intended audience, and the issuer's funding requirements. Carefully evaluating these elements is essential to select the most appropriate regulatory pathway for a successful securities transaction.
Regulating a DPO Internally
The task of regulating a Data Protection Officer (DPO) can be complex, involving a spectrum of processes.
This typically requires establishing clear policies for their role, ensuring they have the required resources and influence to competently perform their functions.
Additionally, regular activity evaluations are often implemented to track their adherence with data protection regulations and the organization's own standards.
The SEC Approves New “Reg A+” Rules for Crowdfunding
In a landmark/major/significant move to empower/stimulate/foster the crowdfunding industry, the Securities and Exchange Commission (SEC) has approved/finalized/ratified new rules for Regulation A+. This revamped/updated/enhanced regulation, known as “Reg A+”, aims to streamline/simplify/expedite the process for companies/businesses/enterprises to raise capital/funds/investment from the public.
Under the new rules, small/start-up/emerging businesses will have a greater/wider/more extensive opportunity to access/attract/secure funding through crowdfunding platforms/websites/sites. The SEC believes that these changes will boost/increase/accelerate economic growth and provide/offer/deliver more investment opportunities/choices/possibilities for individual investors.
The new rules include/New regulations encompass/Key provisions of the revised regulation/These amendments establish several key/important/essential changes, including/such as/among which:
* Increased/Higher/Elevated funding limits/thresholds/caps.
* Streamlined/Simplified/Expedited filing and reporting requirements.
* Enhanced/Improved/Strengthened investor protections.
The SEC’s decision to update/reform/restructure Reg A+ is expected to have a profound/substantial/significant impact on the crowdfunding landscape, making it more accessible/opening doors wider/creating new avenues for both businesses and investors.
Regulation D vs. Distinctions Between Reg A and Reg D
When navigating the world of fundraising , you'll encounter two key frameworks: Regulation A+ and Regulation D. While both allow companies to attract investments from the public, they contrast significantly in their application. Regulation A+, often known as a "mini-IPO," permits companies to raise significant amounts by distributing securities to the general public through a simplified process. In comparison , Regulation D is geared towards smaller offerings and restricts investors to a more narrow audience.
- Furthermore , Reg A+ requires greater information sharing with the public, while Reg D offers increased discretion in this regard.
- Consequently , choosing between these two rules depends factors like the company's capital requirements , target investor base , and risk tolerance
Regulation D
Regulation D encompasses a set of rules regulating the private placement of securities. Within Regulation D, Rule 506 outlines specific requirements regarding exempt offerings. There areIt is divided intoSeveral variations exist within distinct classifications under Rule 506: Rule 506(b) and Rule 506(c).
- Rule 506(b) permits issuers to sell securities withoutpublic registration to an unlimited number of accredited investors and a limited number of non-accredited investors.
- Rule 506(c) allows for offerings solely to accredited investors, with no restrictions on the number of participants.
Additionally, there is Rule 506D, which provides a structure for equity crowdfunding offerings. These rules are aimed at protect investors while issuers.
Regulation D - Rule 506(b) vs Rule 506(c)
When navigating the complexities of Regulation D, understanding the distinctions between Rule 506(b) and Rule 506(c) is essential. These rules govern private placements under Section 4(2) of the Securities Act of 1933. Rule 506(b) permits offerings to an unlimited number of accredited investors and up to twenty non-accredited investors, while Rule 506(c) allows for unrestricted |general solicitation and advertising but mandates that all investors be certified. A key distinction is the demand for due diligence by companies offering securities under these rules.
The Series 7 exam oftenevaluates these concepts, so familiarity with both Rule 506(b) and Rule 506(c) is vital. Understanding the nuances of each rule can help you assess the appropriate structure for a private placement and navigate the regulatory landscape effectively.
- Bear in mind: Rule 506(b) offers more flexibility with non-accredited investors, while Rule 506(c) relies on investor accreditation.
- Analyze the specific needs of your offering and the level of due diligence required under each rule.
Delve into DreamFunded Resources on Regulation A+
Navigating the complexities of Regulation A+ can be a daunting endeavor for investors and companies alike. Fortunately, DreamFunded offers a wealth of invaluable resources to help you grasp this innovative investment mechanism. Their website is a rich source of information on everything from legal requirements to fundraising strategies. Whether you're an seasoned investor or just beginning your journey into Regulation A+, DreamFunded's resources can help you make strategic selections.
- Leverage their in-depth guides to become proficient the intricacies of Regulation A+
- Engage with a group of backers and companies
- Utilize premium analysis from industry professionals
Over-the-Counter (OTC) Markets
The alternative trading system provides a platform for the trading of securities that are not listed on major stock markets. These markets function outside the regulated framework of traditional exchanges, often presenting investors with access to emerging companies and niche investment opportunities. Transactions on OTC Markets can be more risky than those on traditional exchanges, as regulations are generally less stringent.
- Investors in the OTC market should carefully investigate companies and understand the inherent volatility.
A Tripoint
A tripoint is an intersection point where three boundaries converge. This can refer to the meeting of three states, or it could be the juxtaposition of three natural features.
The precise definition of a tripoint can differ based on the context. For example, in cartography, a tripoint might be marked by an exact coordinate, while in forestry, it could simply be the transition between three types of terrain.
Regardless of its manifestation, a tripoint demonstrates the interplay of different forces. It serves as a unique point on the map, highlighting the complex connections that shape our world.
The Financial Industry Regulatory Authority
FINRA is a/plays the role of/serves as the largest/leading/primary independent regulator/self-regulatory organization/oversight body for the U.S. securities industry. It oversees/regulates/administers a vast network of broker-dealers and financial advisors/investment professionals/trading firms, working to protect investors and ensure/maintain/promote market integrity. FINRA's comprehensive/expansive/wide-ranging regulatory framework encompasses a myriad/an array/numerous aspects of the securities industry, including brokerage activities, investment products, advertising practices/market surveillance, investor education, dispute resolution.
- FINRA develops/implements/enforces industry rules and regulations to govern/that govern/governing member firms.
- Through/By means of/Utilizing its extensive regulatory authority, FINRA strives to/seeks to/aims to prevent fraud/abuse/market manipulation.
- FINRA also provides/offers/administers a range of investor services/tools/resources, including educational materials, complaint handling procedures, arbitration forums
A Jumpstart Our Business Startups Jobs Act in 2012
The Jumpstart Our Business Startups Jobs Act of 2012, also known as the JOBS Act, has been a {landmark|major|legislation passed by Congress to stimulate entrepreneurial activity and the United States. This targets to make it more manageable for small businesses to attain capital by relaxing regulations on securities offerings. The JOBS Act has several key provisions, including the option for companies to market their offerings more widely, the introduction of crowdfunding as a means to raise capital, and {themodification of restrictions on private company fundraising. Proponents of the JOBS Act argue that it will help small businesses to grow, produce jobs, and stimulate economic growth. Critics, however, express concerns that the Act could cause increased risk for investors and {potentiallyrestrict responsible market behavior.
Apex Corporation
Tycon Corporation is a rising player in the manufacturing sector. Known for its innovative products, Tycon continually pushes the limits of what's conceivable. Their passion to perfection is evident in every aspect of their business.
From unassuming beginnings, Tycon has grown into a global powerhouse. Their reach spans across numerous markets, and their brand is synonymous with success.
SEC qualification
Securing approval from the Securities and Exchange Commission (SEC) is a essential step for organizations seeking to issue securities. The SEC evaluates applications thoroughly to ensure conformity with federal investment guidelines. Gaining SEC qualification illustrates a company's reliability and provides access to capital sources.
- Entities must submit a comprehensive prospectus detailing their business operations.
- A may request additional documents during the evaluation period.
- Upon qualification, companies can begin raising capital.
Support a cause
GoFundMe provides an avenue that enables fundraising campaigns for different goals. Whether it's supporting a worthy cause, GoFundMe provides a simple solution to solicit funds from family and friends. Join the GoFundMe movement and make a difference.
Indiegogo
Kickstarter is a website that allows people to back creative projects. It's a great way for artists to get the money they require to develop their ideas to life. Project owners can create project descriptions and supportive backers can donate various figures. In return , backers may get benefits such as early access to the product, exclusive content, or even a chance to collaborate in its development . Kickstarter has grown into a dynamic space for creativity and innovation, linking creators with audiences worldwide.
Kickstarter
Is your project needing some necessary funding? Consider starting a campaign on Indiegogo, a crowdfunding platform created to help businesses obtain their dreams. With Indiegogo, you can share your project with the audience and attract backers who support your idea. From film, Indiegogo offers a broad range of categories to match all type of project.
Stock Investment
Equity investment entails holding shares of ownership in a company. This means you become a partial owner and have the potential to earn from the company's performance. Entrepeneurs engage in equity investment through various channels, such as stock exchanges or directly with companies. It is a risky investment strategy, but it also offers the potential for significant returns. Understanding the aspects of equity investing is crucial before making any choices.
EquineT
EquityNet is a site that connects funders with startups. It provides a resource for both parties to connect and facilitate investment. Investors can browse through a selection of opportunities from businesses across various industries. Businesses can present their concepts on EquityNet and acquire investment to help them expand. The network also offers resources and support to both investors and businesses, making it a holistic approach for financing entrepreneurial ventures.
Embark into Uncharted Territory
Venturing into the sphere of entrepreneurship is a daunting challenge. It demands boldness to forge a direction through uncertainties. Successful ventures often emerge from a fusion of dedication and a willingness to adapt in the face of hurdles.
- Nurturing strong bases is paramount.
- Identifying a opportunity in the market can be crucial.
- Resilience often distinguishes those who thrive from those who falter.
Goldman Sachs
Goldman Sachs is a renowned financial institution headquartered in Manhattan. Known for its capabilities in asset management, Goldman Sachs has played a pivotal role in driving the global economy for over a century. The firm is renowned for its experienced professionals who continuously strive to deliver exceptional results for clients worldwide. With a long history of success and innovation, Goldman Sachs remains a leading player in the global financial industry.
The Merrill Lynch
Merrill Lynch is a/was a/has been globally recognized financial institution/investment bank/brokerage firm. Established in/Founded in/Originating from New York City in the year/during the year/around the year 1890, it quickly grew to become/maintained its position as/established itself as one of the largest/most prominent/leading firms in the industry. Known for/Renowned for/Famous for its expertise in/range of services/diverse portfolio, Merrill Lynch has consistently delivered/provided/offered a wide array of/comprehensive suite of/extensive selection of financial solutions to individuals, institutions and corporations worldwide/services to a diverse clientele.
Fuel Your Dream Project
A community campaign is a powerful way to attract the resources you need for your endeavor. By connecting with a wider network, you can gather investment from individuals who believe in your vision.
- Utilize the strength of a unified effort to transform your dream
- Empower access to capital and break down traditional barriers
- Create a network of passionate believers who invest in your vision
Public Funding Campaigns
The landscape of venture capital has been transformed by the emergence of investment networks. Among these, Reg A securities stand out as a mechanism for companies to raise capital from the public. Supported by by the Securities and Exchange Commission (SEC), these rules provide a framework for companies to sell securities to a wider investor base. Conversely, Reg D offerings offers a {private less regulated route for companies to raise capital from accredited investors. A key separation lies in the scale of capital raised, with Regulation A+ Reg A targeting a greater number of investors. Conversely, Private Placement Memorandums often involves a smaller circle of qualified buyers. To navigate this intricate system , companies may employ the expertise of financial advisors to ensure compliance with regulatory requirements. The Initial Public Offering (IPO) for companies seeking public funding through Reg A securities can be a extensive undertaking.
Fundraising
In today's dynamic business landscape, entrepreneurs are constantly seeking innovative ways to secure funding. A plethora of options exist, ranging from traditional venture capital firms to equity crowdfunding and even convertible debt.
Entrepreneurs|Startups|Tech Companies can leverage these various avenues to fuel their growth, expand operations, and bring innovative products to market.
Some notable players in the investment ecosystem include Endurance Lending Network, RocketHub, as well as platforms like MicroVentures.
Investors|Individual Investors|Accredited Investors play a crucial role in this process, providing the necessary capital to drive innovation and economic development.
The JOBS Act has significantly impacted the investment landscape by providing greater access for both backers and companies.
Online Business Funding|Crowdfunding Campaigns|Real Estate Investments have also witnessed a surge in popularity, allowing individuals to participate in investment opportunities previously reserved for institutional players.
Platforms like GoFundMe have democratized the investment process, empowering individuals to contribute to ventures they believe in.
Seed Stage companies often rely on venture capital to get off the ground, while later-stage businesses may turn to Initial Public Offerings to raise substantial funds.
The future of investment is poised for continued innovation and evolution, with emerging trends like deFi finance shaping the landscape.
Report this page