To: EL KABONG!!! who wrote (7 ) 8/21/1999 10:58:00 PM From: ISOMAN Respond to of 10
BAAAALOOP!Free Stock Credit Program Due to rules by the SEC, we cannot give away free stocks directly. This is what we are doing instead: For now, we will remain unincorporated while we are building up our customer and client base, so as to be able to give credits which will be translated to free stock once the company has built up a sufficient market base to make incorporation worthwhile. This way we do not conflict with any laws or rulings of the SEC and yet are still able to give a future portion of our company away - by reserving the future IPO stocks for you now. We are bound by current laws to state the following: FreeBanCo is not currently giving away free stocks. What we are giving away is stock credits. These credits do not currently represent any type of ownership or control of the company, and do not have any monetary value. We do hereby guarantee that if and when FreeBanco incorporates and has an Initial Public Offering of Stock, all of those who currently hold free stock credits with us will be given actual stock in the company in the same amount as the stock credits they currently hold, providing laws at that time do not interfere with this process. (This would mean that if you currently hold 10 stock credits with FreeBanCo and if we were to have an IPO tomorrow, you would be given 10 stocks at that time, free of charge.) FreeBanCo does plan to incorporate and have an IPO at some point in the future -- hopefully by the end of this year. Please note that each user is currently limited to a maximum of 500 free stock credits with FreeBanCo, and that this is a limited time offer that can be discontinued by FreeBanCo at anytime. This is strictly a voluntary participation on your part, and as such, by participating in this offer, you agree to absolve FreeBanCo from any and all legal and/or financial responsibility for any issue arising from the contents and/or use of our site.