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Re: yogi6807 post# 31304

Friday, 09/22/2006 8:54:33 AM

Friday, September 22, 2006 8:54:33 AM

Post# of 56764
They raised just under a million dollars by selling new stock in private placements.

Simple enough?

For more detail study Regulation D and Rule 504. Again simply put, if a company meets the requirements they can sell up to $1 million of free trading stock per 12 month period.