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Post# of 37358
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Re: 236T568 post# 15411

Wednesday, 03/04/2015 12:36:43 PM

Wednesday, March 04, 2015 12:36:43 PM

Post# of 37358
Appears that Vinny and the private equity firm have established a fair market value of $0.68. In six months, the fund can begin to offer those securities for resale. You think this is a 4(1 1/2) transaction? And do you think that the transaction violated Rule 144, person not deemed to be an underwriter or involved in a distribution? Especially since 1/3 of the proceeds are directed directly to the issuer as per the press release?

I am sure Vinny will find crafty counsel, but inquiring SEC staff will have comments.
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