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Re: sloan14 post# 2874

Wednesday, 10/05/2011 6:34:45 PM

Wednesday, October 05, 2011 6:34:45 PM

Post# of 89090

The new O/S with any luck will be restricted for a minimum of 6 mths.


Unfortunately, that is not the case.

As I explained here, the SEC Rule 504(b)(1)(iii) registration exemption used by IJJP in both of its Form D filings allows the sale of unrestricted securities if the offering complies with the exemption requirements which I mentioned in my post.

However, this exemption is commonly abused as I also mentioned in my post.

Correction to that post - the date of the previous Form D should be 2009, not 2098:

Current Form D: http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8169856

Oct 2009 Form D: http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=6830744

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