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investwise4858

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investwise4858

Re: slimpickens post# 112

Friday, 05/25/2007 8:35:56 AM

Friday, May 25, 2007 8:35:56 AM

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Slim, good question

No, the company would not be required to restrict the stock as it falls under the minimum amounts thus far, set by the SEC.

Don't quote me exact on this, but I believe a Company is allowed to raise up to 1 million per year in this type of financing before any requirements to restrict any stock would be triggered as applicable.

This regulation allows Companies to raise this small amount money quickly if needed.
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