I agree with you soldier, thats the first thing i looked at..
Here is a bit of insite, as to why i will be adding tomorrow.
250mil convenient
25K for investors... 250mil in 1s
Rule 504 provides an exemption for the offer and sale of up to $1,000,000 of securities in a 12-month period. Your company may use this exemption so long as it is not a blank check company and is not subject to Exchange Act reporting requirements. Like the other Regulation D exemptions, in general you may not use public solicitation or advertising to market the securities and purchasers receive "restricted" securities, meaning that they may not sell the securities without registration or an applicable exemption. However, you can use this exemption for a public offering of your securities and investors will receive freely tradable securities under the following circumstances:
Rule 504(b)(1)(iii). Exclusively according to state law exemptions from registration that permit general solicitation and general advertising so long as sales are made only to "accredited investors" as defined in rule 501(a)
a. Accredited investor. Accredited investor shall mean any person who comes within any of the following categories, or who the issuer reasonably believes comes within any of the following categories, at the time of the sale of the securities to that person:
1. Any bank
2. Any private business development company
3. Any organization
4. Any director, executive officer, or general partner of the issuer of the securities being offered or sold, or any director, executive officer, or general partner of a general partner of that issuer
6. Any natural person who had an individual income in excess of $200,000
7. Any trust, with total assets in excess of $5,000,000
8. Any entity in which all of the equity owners are accredited investors.
$$$Severely Addicted to
MadMoney$$$
