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Technology Stocks : Information Architects (IARC): E-Commerce & EIP

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To: tech who wrote (3885)12/30/1997 12:07:00 AM
From: Jeffrey S. Mitchell  Read Replies (3) of 10786
 
Tech, after your "Reg D shares are not dilutive" fiasco I can't for the life of me figure out why anyone would ask you for advice in such areas. As a programmer I probably know less than most on this issue but at least I take the time to research the issue and not just "assume" things like you admit to doing.

As for Reg D having to be disclosed, once again, you are wrong according to my research:

Rule 504
Rule 504 under Regulation D allows nonreporting companies to raise up to $1,000,000 in a 12 month period, without any particular disclosure obligations...

...Under Regulation D, an issuer may raise an unlimited amount of capital, without any particular disclosure requirements, through offerings directed solely to "accredited investors." The term "accredited investors" refers to certain high wealth or high income individuals, as well as certain financial and other institutions, considered not to require the protection of the securities laws.


Source:
moneyhunter.com

I recall from my early days on The Picks thread discussing the abuses Quigley Corp was able to effect using Reg D shares. Such abuses are detailed in the following article: fool.com.

Also note that a Form D is required to be filed after the sale takes place. A lot of good this does investors.

So, what would you like to talk about next... quantum mechanics?

- Jeff
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