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Re: None

Thursday, 04/14/2011 10:32:49 AM

Thursday, April 14, 2011 10:32:49 AM

Post# of 92948
Folks, having the registration statement of shares for this or any financing allows the Investor, in this case Socius, to immediately sell the shares they receive if they choose . This is a big deal to the Investor, otherwise they would have unregistered shares and would then be subject to Rule 144 which mandates they hold for 6 months prior to resale, among other things. If shares are NOT registered they must meet "exemptions to registration" prior to sale.
http://www.mofo.com/files/Uploads/Documents/FAQRule144_145.pdf
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