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Microcap & Penny Stocks : Ben Ezra Weinstein (BNEZ)
BNEZ 0.00Sep 18 5:00 PM EST
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To: Leroyt who wrote (3121)10/2/1998 10:16:00 PM
From: otcbbbaby  Read Replies (1) of 9391
 
leroyt: The last time I visited the office I was told that there was a 506 offering that the principals participated in as well as some of the original investors in the company. But a 506 can only issued 144 stock. At past levels we may be talking a ton of 144 stock, but its all frozen for a year, and even then it can be sold only according to a formula equal to a small % of monthly volume or 1% of the outstanding shares per month. But principals have to register sales. Period. No discussion. So we may have a large issued number but still have a small float.
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