CSHK CASHCO MANAGEMENT Y2K 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 : CSHK CASHCO MANAGEMENT Y2K

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: jhild who wrote (1405)	4/30/1998 12:21:00 PM
From: Janice Shell	Read Replies (3) of 7491

I look into my crystal ball and I rather doubt it. Now. Here's some interesting information from a lurking member of the Chickerati. He raises some questions, too. Sorry, Jim, John, but chickens are curious creatures. There are basically 2 ways a company becomes a reporting company. One is to do an IPO under the '33 Act. The second is to meet the thresholds of Section 12(g) of the '34 Act ($10 million in assets and 500 shareholders). A company has to register with the SEC under this provision within 120 days of the end of the first fiscal year it meets these thresholds. CSHK obviously isn't there yet. My question is, with the amount of trading activity and number of trades, what exemption from '33 Act registration are they using. Even if the company had an exemption (say Reg D) for the original issuance of shares, it would seem that the resellers meet the statutory definition of underwriter, and underwriters can't resell shares unless they are registered or have an exemption (the classic exemption being Rule 144). But Rule 144 requires a one year holding period and requires there to be certain information publicly available to the market. Like financial statements. Anybody got an answer? Rhonda?

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next