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Technology Stocks : ProxyMed (PILL)
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To: Frank Buck who wrote (71)5/6/1998 7:07:00 PM
From: Gerry Pince  Read Replies (1) of 261
 
I'm not sure if this is the First transaction between Bellingham
and Proxymed but I dug this info. from one of there old filings.

On April 29, 1997, the Company sold 425,000 shares of unregistered common stock for $5.25 per share to Bellingham
Industries, Inc. Such issuance is exempt from the registration
provisions of Section 5 of the Securities Act of 1933, as amended
(the "Act"), by virtue of Section 4(2) of the Act. However, the
Company agreed to file a registration statement for such shares under
the Act by June 30, 1997, and must use its best efforts to have such
registration statement declared effective by August 31, 1997. No
underwriting discounts or commissions were paid in connection with
this sale.
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