1ST MIRACLE GROUP (MVEE), founders last co. went $0.20-$46 Message Board

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Microcap & Penny Stocks : 1ST MIRACLE GROUP (MVEE), founders last co. went $0.20-$46

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To: Ipso facto who wrote (1586)	11/8/1998 10:21:00 PM
From: M.R. Davis	Read Replies (1) of 5541

OK Here's the 504 stuff from the SEC: sec.gov =============================================================== Regulation D Regulation D establishes three exemptions from Securities Act registration. Let's address each one separately. Rule 504 Rule 504 provides an exemption for the offer and sale of up to 1,000,000 of securities in a 12-month period. Your company may use this exemption so long as it is not a blank check company and is not subject to Exchange Act reporting requirements. Some of the most important characteristics of a Rule 504 offering are: You can sell securities to an unlimited number of persons; You can use general solicitation or advertising to market the securities; and Purchasers receive securities that are not "restricted." This means that they may sell their securities in the open market without registration or other sales limits imposed on privately placed securities. Rule 504 does not require issuers to give disclosure documents to investors. Nonetheless, you should take care to provide sufficient information to investors to avoid violating the antifraud provisions of the securities laws. This means that any information you provide to investors must be free from false or misleading statements. Similarly, you should not exclude any information if the omission makes what you do provide investors false or misleading. =================================================================== Not a nice exemption when a company only has a $9 million market cap! Anyone up for a call to Peter Benz tomorrow on this? (I would but have to work) If Ipso is right and they did do $1.5 million then they broke the rule - right?

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