HITSGALORE.COM (HITT) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : HITSGALORE.COM (HITT)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Q. who wrote (4273)	10/3/1999 3:54:00 AM
From: Jeffrey S. Mitchell	Read Replies (1) of 7056

dumbmoney, did any of the filings disclose whether the two LFT private placements were made under Reg. D? Or are they 144 shares? I don't remember seeing this mentioned anywhere. Just the unspecified lockup. According to Regulation D, "To be eligible to use Rule 504, an issuer must not be: a reporting company under the 34 Act..." The LFT offerings were done after HITT became a reporting company. Therefore, Rule 504 of Regulation D would not apply. To confuse the issue a bit, there are other Rules under Regulation D which do apply to reporting companies. However, I'm a bit confused as to whether disclosure must be made prior to a sale, which is what "average" shareholders should be worried about. See moneylaw.com for more information. - Jeff

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next