ESXS: Essxsport Corp. Message Board

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Microcap & Penny Stocks : ESXS: Essxsport Corp.

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To: esxsceo who wrote (60)	3/19/2000 2:07:00 AM
From: jhild	of 79

You have me curious about what your process is with the private placement. You say you are handling it. But an accredited investor has to call Harry Ledbetter to get a quote on the stock? Who physically owns the shares being sold? ESXS or Southland? It is my understanding that shares sold in a 504 come from the company and are not sold to MM's for resale. If a quote is needed just where does this quote come from? ESXS is not currently being quoted on the pink sheets that I can find. Nor am I aware that there is a market in any freely trading shares of ESXS either. Accredited investors are supposed to be sophisticated, but how is it that you or Harry can set any price at all, much less come up with a discounted price to account for the restrictions on the stock that you may be offering. So am I to assume that you are trying to get investors to buy shares in a venture, restricted shares at that, of a stock that is itself not freely trading. Don't you think sophisticated investors will balk at buying shares in something that they may never be able to sell?

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