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Non-Tech : venturetech VTEH bullettin board
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To: Darrell L. Peterson who wrote (112)4/15/1997 8:59:00 PM
From: E.Elliot   of 913
 
Darrell, please clarify. Are you saying BB is buying not selling now?

On what page of the S1 or S1 (a) is that reference to the 380,886? Did those shares cause the brokerage firm to be sold out? If given for a prior debt, jurisdiction can be established in US, particularly VA.

VTEH is incorporated in Idaho and has offices also in Va. VTEH solicits in NY. Jurisdiction can be established in either of those places (plus wherever it solicits). Service can be made in VA, since there is no doubt BB is an agent of the company. Why the problem? You are right however, all the "Bamptons" reside in VANCOUVER according to the S1. Let's ask BB if these people are relatives.

The 60 million dollars allegedly pledged to the company (for 6 million shares) from the foreign investors does not appear to exist. Do you read the S1 to say that the 6 million shares were held in escrow and would be exchanged for the $60 million only upon registration of those shares? Those shares were never registered. So, the only thing in escrow is the 6 million shares, not $60 mill. That's not what BB said. He said there was no change in the company's status re: financing and that the 60 million had no ties.

Is it correct that the Bamptons received the shares for $.03 per share. Don't they have to file a l44 if they sell?

Help? Thanks everybody. eelliot.
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