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.

Microcap & Penny Stocks : BNEZ and PMA; Success in 1999 -- Ignore unavailable to you. Want to Upgrade?

To: Elio Madama who wrote (1496)	1/8/1999
From: tRaDiAc	Read Replies (1) \| Respond to of 2648

So they must have to file something somewhere as a public company. Or someone should just call and ask about the recent price action in relation to the number of shares. They can't ignore their investors forever. tRaDiAc

To: Elio Madama who wrote (1496)	1/8/1999 12:05:00 AM
From: tRaDiAc	Read Replies (2) \| Respond to of 2648

Elio: It was otcbbaby... Another thought is that the company may have done a private placement using 504 shares. If that's the case there has to be a filing with the SEC's office in Maryland somewhere and it will have to show up in the next few weeks. Even though a 504 is listed in Regulation D as a private offering its actually considered a public transaction -- don't ask me why because I don't know -- and so the shares are free trading. With a penny stock a 504 would have to include a discount of some kind. Probably 20% off the bid. The maximum amount a company can raise under a 504 is a million dollars. tRaDiAc