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Non-Tech : Tulipomania Blowoff Contest: Why and When will it end? -- Ignore unavailable to you. Want to Upgrade?

To: Tai Jin who wrote (1198)	4/2/1999 1:08:00 PM
From: The Duke of URL©	Read Replies (1) \| Respond to of 3543

YOU happen to be talking to someone who is a proud investor in FBN (I was in on the initial offering). Unfortunately, Tai, I think these guys are serious. I looked around the website after I got your post. The sale of an asset, may under certain circumstances, (see US v. Howie) be treated as a sale of a security. It does not appear that any attempt has been made to either qualify as a security or to obtain a no-action letter. And why would you need the permission of any gov agency, other than the SEC, to sell this stuff?? I wonder if AOL has thought about acquiring the company? Duke