MTEI - Mountain Energy - No BASHING Allowed Message Board

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Microcap & Penny Stocks : MTEI - Mountain Energy - No BASHING Allowed

MTEI 0.00400

+66.7%

Nov 18 9:31 AM EST

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To: LionHeart who wrote (7259)	7/31/1998 12:56:00 AM
From: LionHeart	Read Replies (2) of 11684

******What it's all about******* "Currently, Rule 504 provides an exemption from Securities Act registration (e.g. extensive disclosure, including audited financial statements and other details) when small businesses make securities offerings that do not exceed an aggregate annual amount of $1 million. Further, Rule 504 allows stock purchasers to receive securities that are not "restricted." (As defined under Rule 144, a restricted security can only be freely traded in the public markets if it meets certain conditions, including that it be held for a certain period of time, typically at least one year.) Purchasers of Rule 504 stock may resell their securities without registration or other sales limits. Fraudsters take advantage of Rule 504 in a variety of ways. It has allowed them to acquire large quantities of cheap unregistered stock, artificially pump up the share price through false statements and other manipulative activity, and then sell the stock at a great profit. This proposal would help put an end to pump and dump schemes by reclassifying all securities issued under Rule 504 as "restricted securities." As such, these securities could only be resold after a one-year holding period, through registration, or through another exemption. " Read the entire passage at; stockjustice.com

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