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 : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: MMK who wrote (10511)	3/3/1999 1:36:00 PM
From: GQuinn	Read Replies (3) \| Respond to of 56535

NAVR - Here is what I have re: date Before I start, let me say this... while I am an attorney I do not practice in the area of securities (I am a patent attorney). In other words, while I have done some research, this is not my bag. Nevertheless.... here is what I can offer. The time between the S-1 filing date and the effective registration date is called the Waiting Period. No sale of stock can occur until the effective registration date. The Preliminary Prospectus (which is called a "red herring") can be circulated and the company can verbally talk to investors, but no written sales may occur. The effective registration date is 20 days after the initial filing, unless a "delaying amendment" is included in the S-1. NetRadio included a "delaying amendment," which is standard practice. As I understand it, everyone includes a delaying amendment. If there is a delaying amendment the effective date is when the Commission completes its review. Delaying the effective date until complete review is preferrable (as I understand it) because it will prevent defficient registrations. Typically, it takes about 30-40 days for the Commission to get back to the company regarding the S-1. The Commission will point out all the defficiencies (apparently there are always problems with the S-1). Most of these defficiencies can be cured via telephone conference. After amendments are filed the company can request acceleration. This is where it gets a little fuzzy for me. It appears as if the minimum time after a request for acceleration is 48 hours. Given what I have found, it seems like we have about another 30-45 days to wait. If anyone finds out anything to the contrary I would greatly appreciate the info. GQ