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Re: johnnyfiber post# 90578

Sunday, 01/16/2011 10:36:14 AM

Sunday, January 16, 2011 10:36:14 AM

Post# of 118239
Also, the exemption generally does not allow companies to solicit or advertise their securities to the public, and purchasers receive "restricted" securities, meaning that they may not sell the securities without registration or an applicable exemption.

The company sells exclusively according to state law exemptions that permit general solicitation and advertising, so long as the company sells only to "accredited investors."

http://www.sec.gov/answers/rule504.htm
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