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Gold/Mining/Energy : PYNG Technologies
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To: esxtarus who wrote (6714)4/25/2002 7:59:14 PM
From: Bernard Elbaum  Read Replies (1) of 8117
 
I believe the restriction imposed on private placements are a matter of regulation. I don't think the company is free to sell an advertised private placement except to those who meet regulatory standards for being "sophisticated investors". The alternative of a rights offering, which could include all current shareholders, apparently is also hemmed in by regulatory issues, as I recall, by cross-border issues.

The question is: Does Pyng have buyers for the offering?
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