BNEZ and PMA; Success in 1999 Message Board

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Microcap & Penny Stocks : BNEZ and PMA; Success in 1999

BNEZ 0.00

Sep 18 5:00 PM EST

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To: Elio Madama who wrote (1496)	1/8/1999 12:05:00 AM
From: tRaDiAc	Read Replies (2) of 2648

Elio: It was otcbbaby... Another thought is that the company may have done a private placement using 504 shares. If that's the case there has to be a filing with the SEC's office in Maryland somewhere and it will have to show up in the next few weeks. Even though a 504 is listed in Regulation D as a private offering its actually considered a public transaction -- don't ask me why because I don't know -- and so the shares are free trading. With a penny stock a 504 would have to include a discount of some kind. Probably 20% off the bid. The maximum amount a company can raise under a 504 is a million dollars. tRaDiAc

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