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Microcap & Penny Stocks : DCH Technologies (DCH)
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To: The Street who wrote (1131)4/15/1999 5:23:00 PM
From: trader  Read Replies (1) of 2513
 
Im really surprised that someone with your experience in the business raising capital, still considers a rule 144 filing an insider.
As you have posted yourself, by rule, by definition, an "insider" must file form 4. Ram has not filed form 4. Thus, by SEC rules the definition of insider...

You posted this yourself

An Insider:
According to the Securities Exchange Act of 1934, an insider is defined as an officer or director of a public company, or an individual or entity owning 10% or more of any class of a company's shares. The definition in all its legal speak is given in Section 16 of the 1934 Act. There are further words sparred on how more specifically to define an "officer" and "beneficial owner" in Rule 16a-1 of the Code of Federal Regulations. Though both are lovely pieces of prose, be content with the knowledge that the definition of an insider is intended to cover the people who have the most knowledge of the inner workings and future prospects of a publicly traded company.

No form 4 filed not an insider, just a beneficial owner of shares.
You should learn the laws of the business you work in DUDE.

As far as disclosure documents accompanying the subscription agreement with a 505 or 506 and now 504's they are public information not insider information. So the investors in any OM arent necessarily privy to suspect information. I guess this is how you do business. It appears you are used to making your investors more privy in your offerings, but i suspect you should watch out to what you are telling them. you dont want to get caught for illegal solicitations or advertisement in your pitch.

5 years is a decent time to be in an industry.
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