P.B.:
Thanks for the excellent post, you made some very good points there.
I have to admit I am not satisfied with the way the Reg. S issue is being handled. If I remember correctly, a company has 15 days after the Reg. S placement to submit a filing.
As for the following:
"A Reg. S stock issue is a possibility, but only as a last resort. Real growth, in my opinion, cannot be achieved by extensive use of this type of program." - Jack Arnold, 1/5/98
(P.B. wrote:) So Arnold says that here on the 5th of January, and then on the 13th announces that they have completed an offering for 500,000 dollars.
Does it take less than eight days to get a reg -s offering in motion?
The Reg. S placement was obviously being prepared when Jack Arnold indicated it was "a possibility". It would be illegal for him to be more specific about the filing before the info became public (hit the wires). IMO, his comments were perfectly appropriate.
I will be calling Jack Arnold again this week. He was, and remains, the main reason I invested in this company, and I hope he will justify the support we've been giving him as shareholders.
Best regards,
Milk |
