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Sunday, December 17, 2006 2:04:50 PM
Form 506 in the state of new york you can raise up to $15,000,000.00 momo so politely faxed me over the 9 page document and for that I thank him. Now I can do my dd :)
When people do Form 506 they get restricted stock for the private transaction. In the 9 page report the amount they raised was $90,000.00 Yes only $90,000.00 so that investor who financed them $90,000.00 will receive restricted shares down the road.
By you saying there has to be 3 billion shares issued at .005 that is pure bs and you are obviously either not knowledgable in this dimension of pennystocks, or you are trying to mislead people. So which is it?
If the company was going to raise the full amount possible of $15 million dollars they would have increased their A/S a month ago instead of decreasing their A/S down to 350 millon shares.
So naysayers go fish again lol
My disclaimer is found in the link below: http://investorshub.advfn.com/boards/irp.aspx?userid=57528
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