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Re: sloan14 post# 2878

Wednesday, 10/05/2011 8:12:54 PM

Wednesday, October 05, 2011 8:12:54 PM

Post# of 89090
If you look at the recent IJJP Form D filing, you will see under section 6 that there are three types of Rule 504 registration exemptions.

IJJP specifically claimed Rule 504 (b)(1)(iii) in its Form D offering, which allows for the issuance of free trading shares assuming that multiple conditions are met, including the filing of a public registration statement in a state that requires substantive public disclosure. IJJP shareholders should be able to access this required State public registration statement for the offering.

Most Form D 504 shares issued under a different rule and are issued as restricted shares under Rule 144. With a non-reporting PK stock, the restriction is one year. If a stock is fully reporting to the SEC, I believe the restriction is 6 months.

Your previous involvement in purchasing 504 shares may have been offered under a different 504 rule and with a fully SEC reporting stock.

If you do an Internet search specifically for Rule 504 (b)(1)(iii), you will find that it is an exemption to allow the sale of unrestricted securities under certain conditions.

Again, this exemption has often been abused as companies claiming the exemption have sold unregistered securities without filing the required public registration statement with a qualifying state.

Volume:
Day Range:
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Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y