Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Floorless Preferred Stock/Debenture -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (1285)	2/28/2001 10:26:55 PM
From: Mike M	Read Replies (1) \| Respond to of 1438

Steve you and Chip both seem to like March 9 but have a different perspective on what direction: Message 15428469

To: Zeev Hed who wrote (1285)	3/1/2001 5:40:55 PM
From: ztect	Respond to of 1438

Well Zeev did a little research... base on the info you provided and this is what I came up with: ragingbull.lycos.com I also was reading through the 144 rules for restricted shares in the Sec Act of 1934, and there was very interesting language pertaining to Regulation S, that allows for off shore purchasers of private placements to circumvent these 1444 rules both in terms of holding periods prior to sales, and the amount of sales. Seems as though off shore sales aren't as "restricted", actually sales of such shares are excluded from any limits on time and amounts that can be resold. This clearly would seem to indicate why so many of these "corporations" set up to participate in such financing are in off shore locations probably with the fewest or no taxes on capital gains. Thus just beyond looking at the terms, one really has to see the names and locations of "corporations" participating in any private placement. Moreover any company should not be allowed to issue any press release about any financing until an 8-K is filed and available for any and every one to read it, especially since the "news" of financing is always used to hype a stock's price. z