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Non-Tech : freerealtime.com site -- Ignore unavailable to you. Want to Upgrade?

To: Francois Goelo who wrote (472)	10/23/1999 11:34:00 PM
From: StockDung	Respond to of 565

In October 1998, the Company offered 1 million shares of common stock in FreeRealTime.com, Inc. The aggregate offering price for the issuance was $1,000. The Company relied on the registration exemption in Rule 504 of the 1933 Act to issue these units without registration. Three investors purchased a total of 750,000 shares for $750 (less issuance costs of $75 paid in cash). In addition, the Company issued 500,000 shares of common stock with a fair market value of $500 as stock issuance costs which had no net effect on stockholders' equity. While the Company believes that all of the issuances discussed above qualified for either the Rule 504 or Section 4(2) exemption from registration, a court could determine that these issuances did not qualify for either exemption. If that were to occur, the Company would be in violation of the Securities Laws and the Company could be exposed to liability for damages suffered by investors.