Not Securities

Buying and Selling Forest on Warrior Earth is not Securities
Defined in Supreme Court SEC v Howey 1946

All 4 tests below must answer "Yes" for any investment to be a Security

1946 Supreme Court Test	The Stock Market	Howey Company Selling Orange Groves	Buying and Selling Gold coins	Buying and Selling Forest on Warrior Earth
1. There is investment of money	Yes	Yes	Yes	Yes
2. In a Common Enterprise	Yes	Yes	No	No
3. With Expectation of Profits	Yes	Yes	Yes	Yes
4. Solely Through Efforts of Another	Yes	Yes	No	No
IS IT A SECURITY?	SECURITIES	SECURITIES	NOT SECURITIES	NOT SECURITIES

Notes
1. There is investment of money ............. Yes.
2. In a common enterprise ....................... No. Forest may be purchased from any private seller
3. With expectation of profits .................. Yes.
4. Solely through efforts of another ......... No. Forest owners use their own efforts to buy and sell

Forest owners may advertise independently of Warrior Earth company using word of mouth, other websites, classified ads, or their own advertising activities. Most buyers and sellers have expectations of profits. Some conservation-minded persons may buy forest for preservation purposes only with no expectation of profit. Since Warrior Earth forest buying and selling activities answer "No" to 2 of 4 Howey test questions, the product is not securities. Each portion of forest has a unique geographic location. Forest is tangible at specific locations and is not an interest, syndication, or share of any other portion of forest. Warrior Earth, LLC, USA is not required to file registration statements with the Securities and Exchange Commission. According to Sec 5 of the Securities Act of 1933, Warrior Earth may freely use the internet and other instrumentalities of interstate commerce to help forest buyers and sellers connect with each other

Click to Learn more about SEC v. Howey
Click to Read US Gov Securities Act of 1933
Click to See the Location of forest vaults.
Click to See Live Forest for sale