The Return of the NFL Player IPOs — Really

By Jon C. Ogg Updated Feb 6, 6:25AM EST · Published Feb 5, 4:05PM EST

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The athlete IPO talk is back. In fact, they may be back in business. Two issues are driving the chatter here, and it is not that the Super Bowl was a crowd killer.

News was out this week that the Vernon Davis IPO was still on track. Then came and SEC Filing via Form D showing that Fantex, the company behind these proposed athlete IPOs was going to be raising up to $20 million. The filing shows that it actually raised all of that except for $1.

The Form D also said, “The total amount sold in 13(b) includes the value of securities issued in exchange for cancellation of indebtedness of the Issuer to certain purchasers in the aggregate amount of $711,711.80.”

The Form D filing shows that 53 people have already invested in the offering.

As for the risks here, let’s just say we have covered them and they are not going to be easy for most investors to grasp. Under no circumstances would they fit in a widows and orphans suitability profile.

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Disclaimer: Energy Exploration Technologies, Inc. ("EnergyX") has engaged 24/7 Wall St to publish this communication in connection with EnergyX's ongoing Regulation A offering. 24/7 Wall St has been paid in cash and may receive additional compensation. 24/7 Wall St and/or its affiliates do not currently hold securities of EnergyX.

This compensation and any current or future ownership interest could create a conflict of interest. Please consider this disclosure alongside EnergyX's offering materials. EnergyX's Regulation A offering has been qualified by the SEC. Offers and sales may be made only by means of the qualified offering circular. Before investing, carefully review the offering circular, including the risk factors. The offering circular is available at invest.energyx.com/.

Comparisons to other companies are for informational purposes only and should not imply similar results. Past performance is not indicative of future results. Market shortfall are forward‑looking estimates and are subject to substantial uncertainty. Investments in private placements, and start-up investments in particular, are long-term, illiquid, speculative and involve a high degree of risk and those investors who cannot afford to lose their entire investment should not invest in start-ups

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About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.