It
is the intention of Active Finance Group, L.L.C. “AFG”
to afford every bona-fied bidder an opportunity to purchase as many
notes as they choose.
The Auction process provides
a unique environment where an Investor can regulate their level
of risk and required return on investment on an instantaneous basis.
AFG is committed to managing
the Auction process with the highest degree of technology and integrity
possible to insure each Investor a fair and level playing field
and opportunity.
Each Auction has an expiration
date and an expiration time. Bidders are encouraged to place their
bids as early as possible in order to insure that they will be able
to acquire the notes they are interested in.
Attempted manipulation of the
Auction process can sometimes cause a backlog of bids within the
final minutes, or seconds, of an Auction. When this occurs, AFG
will process all bids it receives up until the stated expiration
time of each Auction. The determination as to when the auction has
ended in terms of the actual timeframe will be determined by the
time of day as recorded by AFG’s server which processes each
bid, and NOT buy whatever method the Bidder is using to verify the
time of day which the Bidder submitted his or her Bid.
As a result of modern day bidding
styles, it is entirely possible that a Bidder could place a bid
which they believe was submitted within the required time deadline,
however, that bid does not make it to AFG until the deadline has
expired. In this instance, AFG will not consider that bid as valid,
even thought the suggested bid amount may be in excess of the successful
bidders bid.
AFG reserves the absolute right
to reject any bid that AFG, in it’s sole and absolute discretion,
AFG feels was tendered in bad faith, or occurred as a result of
a Bidder attempt to manipulate the bid process.
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