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Microcap & Penny Stocks : 504 Reg D and Beyond - Going public without an Underwriter

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To: micky who wrote (27)7/8/1998 11:48:00 AM
From: Chloe R  Read Replies (1) of 50
 
micky and A.D.,

I wanted to ask my brother this but I can't get a hold of him. There's a private company I looked at for the first time last week that's doing a 504 for $1 mill in a couple of months but they said I could get in now in a convertible debt arrangement (at a discount of course). Fair enough, but my question was whether such an arrangement reduces the $1 million cap or not or can they float as much convertible debt as they want? I'd never really thought about it before.

Thanks in advance,

Clo
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