InvestorsHub Logo
Followers 78
Posts 7384
Boards Moderated 0
Alias Born 09/03/2001

Re: otterman post# 20

Saturday, 10/09/2004 2:41:21 PM

Saturday, October 09, 2004 2:41:21 PM

Post# of 36
My understanding is ...the company did a 504 placement, sold 5 million shares at .20 to raise $1 million for operating expenses and growth. This type of transaction is allowed once a year for a maximum return of $1 million. These shares can be restricted or free trading, depending on the state where executed and the conditions of the transaction.
In that case, your purchase at .20 was very astute.
Good luck to a great return.

Hope Is Not An Investment Strategy!

Remember to do your own DD



Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.