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Microcap & Penny Stocks : Cool Entertainment (CULE)
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To: Chris O'Keefe who wrote (75)3/12/1999 8:33:00 AM
From: jmt  Read Replies (1) of 488
 
Chris:

I believe you are confusing the method of financing with the structure. A 504 simply allows companies to issue up to $1 million in shares without filing. The rule is meant to enable companies to raise small amounts of capital without the legal and administrative costs associated with a traditional secondary offering.

jmt
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