PCM, I'm busy - but I couldn't let this one slide by.
...The shares in the PPM are restricted....
You sir, are a bald faced liar and tout: and how do you - ineffectually - try to cover that up? Call every one else a liar. You're so obvious it's almost embarrassing.
Just to recap:
1. Rule 504 of Regulation D
Rule 504 provides an exemption from Securities Act registration when non-reporting issuers make securities offerings that do not exceed an aggregate annual amount of $1 million. As currently crafted, Rule 504:
allows for the sale to an unlimited number of persons;
permits general solicitation or advertising to market the securities;
and
allows purchasers to receive securities that are not "restricted." Purchasers may resell their securities in an open market without registration or other sales limits imposed on privately placed securities.
sec.gov;
You want to dispute that: take it up with the Commission.
You wrote this:
(In answer to Barb's question to ww about filing 144 paperwork when the shares are sold:) They can be sold after a year, with 144 paperwork PLUS a legal opinion from the company's securities attorney, PLUS approval from the company, PLUS they have to be sold in a broker transaction on the open market, within a short time period. Without the above items, they can be sold ONLY after two years.
Perhaps, I should give you the benefit of the doubt: maybe you're just an imbecile.
A sale of shares to the public under Rule 504 of Regulation D is exempted from registration.
A private placement (what you're describing above) is NOT registered NOR is it made under an EXEMPTION.
They are DIFFERENT things.
Your deliberate attempts to confuse, and obfuscate the facts are obvious.
As for:
...ww's posts to barb are particularly uninformative since he does not know what he is talking about...
Take it up with Ms Sperino: ...Usual I agree with you but I have actually learned much today. I have learned about shorting BB stock from Wireless... #reply-10182176
Waiting for the Form 10, or in the alternative, an SB-2 as inspired by your clueless question, or - God Forbid - more projections of the like seen in the Form D filing to which a single monkey, pounding randomly on the keyboard with Lotus or Excel loaded, could have done a better job.
LOloud
TTFN
ww |
