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Re: budgetcuts0 post# 21730

Wednesday, 06/20/2007 5:02:18 PM

Wednesday, June 20, 2007 5:02:18 PM

Post# of 44859
"A 504 offering allows a company to sell securities to an unlimited number of purchasers without regard to their sophistication or experience - although some States may limit the company to 35 non-accredited investors while still allowing an unlimited number of accredited investors.

The 504 is the most popular and widely used of the Regulation D programs. Many companies use 504 for an initial round and then float a 506 for a larger second round - both offerings can be done in a 1 year period because they are separate exemption programs.

The 504 program is available for private corporations only. Public reporting companies cannot use the 504 program."


This is what I read