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Re: ralph3 post# 1435

Sunday, 10/26/2003 11:56:13 PM

Sunday, October 26, 2003 11:56:13 PM

Post# of 29858
ralph- Here's John Leo's promo for his services...

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The highlighted feature--buying/selling restricted shares is particularly relevant to Black Sea's operation. (Stunder owned 75% of Black Sea at the time of the filing in April.)

From the Black Sea SB-2A:

Shares Eligible For Future Sale

Upon completion of this offering, we will have 4,092,315 minimum and 4,192,315 maximum, shares of common stock outstanding. Of these shares, the 100,000 minimum, or 200,000 maximum sold in this offering and the 950,000 shares of the selling shareholders, will not be deemed to be restricted shares under the Securities Act of 1933. The remaining 3,042,315 shares were issued and sold in private transactions and in reliance on the private placement exemption of the Securities Act.

The 3,042,315 restricted shares are eligible for sale pursuant to Rule 144 of the Securities Act at the expiration of the one-year holding period from their date of acquisition. The one-year holding period for the shares has ended.


That would be fine, except that no 144's have been filed, and you can't file a 144 unless the company is current in their filings.