US Energy Initiatives Corp (USEI)

[captob3]

So your saying it's not possible?


Beware of Lawyers Bearing Gifts (With Respect to Rule 144 Opinions)

Wednesday, April 14, 2010

Investors in private placements of securities are subject to legal constraints on their ability to freely resell those securities, and responsible investors readily abide by those constraints.

These restrictions include a minimum holding period for the securities, which is intended to ensure that the investor is subject to meaningful market risk consistent with the nature of a private placement. Some securities professionals, including attorneys, have created entire lines of business designed to enable investors in private placements to evade the legal restrictions on reselling their restricted securities, and this article will describe some recent examples of this activity, including the efforts of the Securities and Exchange Commission (SEC) and the Department of Justice (DOJ) to combat this activity.

Maybe someone should tell this law firm that!


The stock of many smaller public companies is traded through the “Pink Sheets,” a largely unregulated electronic quotation and trading system in the over-the-counter securities market which does not require issuers to file periodic reports with the SEC, thereby enabling smaller, non-reporting issuers to take advantage of Rule 504.


I hope Stanton doesn't realize the pinks are "largely unregulated"!