InvestorsHub Logo
Followers 5
Posts 632
Boards Moderated 0
Alias Born 02/21/2007

Re: budgetcuts0 post# 21730

Wednesday, 06/20/2007 5:03:43 PM

Wednesday, June 20, 2007 5:03:43 PM

Post# of 44855
Actually thats the first place I've seen in writing that says we have longer than august until they can file another.

"Regulation D 504 Offering: allows companies to raise up to a maximum of $1,000,000 in a 12 month period - the exemption is renewable meaning the company can use the 504 program again 6 months from their last securities sale under 504."

6 months from June give us until September. That to me tells us we are protected from more dilution until the 1st of December.

It also suggests we may be R/S free until then as well. Of course we should be expecting a R/S sometime in the future, a company with 2B shares doesn't have much of a chance in the long run. But he would be hurting things to do a R/S so soon. So I think we're free from that for 6 months as well too.

Am I missing something else obvious here?