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Wednesday, 06/02/2010 11:12:00 AM

Wednesday, June 02, 2010 11:12:00 AM

Post# of 103340
okay, here's the skinny on the latest rule 504 reg D filed by JD..

I just spent 15 minutes talking to Johanna Losert (202-551-3325) who is employed by the SEC as an Attorney, she returned my call from yesterday..

she says the way to tell if it's the same offering is by the date of the first sale.. because the form filed 05/2010 has the "first sale" same date as the form filed 04/2009 means the amount sold is a cumulative total of all filings where the same first date applies.. she reiterated what we already know, max of $1m during any 12 month period, but you still can see excess of $1m on that filing as a cumulative total since the "first sale" date (imo)..

this is why JD checked the "indefinite box" instead of a termination date.. he can continue to use this same filing year after year..

this is on both filings "Date of First Sale 2008-06-11"

http://sec.gov/Archives/edgar/data/1386246/000138624609000004/xslFormDX01/primary_doc.xml

http://sec.gov/Archives/edgar/data/1386246/000138624610000002/xslFormDX01/primary_doc.xml


so for those that JD told the $472k is just from this round, well all I can say is.. busted once again (imo)!