ISMR filed a SB-2 on 9/30/99. A part of it is as follows:
Prospectus
Internet Stock Market Resources, Inc.
A Maximum of 833,333 Units
(1 Unit = 4 Shares of Common Stock and 1, 1-year, Preferred Stock convertible for 2 shares Common)
$6.00 PER UNIT 1
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Internet Stock Market Resources, Inc. (the "Company") hereby offers maximum of Eight Hundred Thirty-three Thousand Three Hundred Thirty-three (833,333) units of its securities. Each unit consists of Four (4) shares of the Company's Common Stock, par value $0.0001 per share, plus One (1) share of Preferred Stock; each of the Preferred Shares is exchangeable for Two (2) Shares of the Company's Common Stock for Two dollars ($2.00) at any time from the Subscription date to One (1) year thereafter. The minimum investment is 100 units. These securities are being sold on a best efforts with no minimum amount basis. The offering will expire One Hundred Eighty (180) days after the effective date of the registration statement for the securities, if not updated by amendment or terminated sooner.
The offering price has been arbitrarily determined solely by the Company, and bears no relationship to the Company's assets, sales, book value, or other generally accepted criteria of value. (See "RISK FACTORS," "PLAN OF DISTRIBUTION," and "DILUTION.")
In addition to the above units offered, 500,000 shares of the Company's common stock will be registered as part of this registration. These shares have been designated to be used as payment for services related to marketing. (See "PLAN OF DISTRIBUTION.")
THESE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE SECURITIES AND EXCHANGE COMMISSION NOR HAS THE COMMISSION PASSED UPON THE ACCURACY OR ADEQUACY OF THIS PROSPECTUS. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.
INVESTMENT IN THE COMMON STOCK OF INTERNET STOCK MARKET RESOURCES, INC. IS SPECULATIVE AND INVOLVES A HIGH DEGREE OF RISK (SEE RISK FACTORS,@ PAGE 6), AND SHOULD BE CONSIDERED ONLY BY PERSONS ABLE TO BEAR THE LOSS OF PART OR ALL OF THE FUNDS INVESTED. |
