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Tuesday, September 18, 2012 2:47:53 PM
A Form D needs to be filed only after the first sale and needs no updates. He admits to two deals with Fairhills so most likely he did sell more, probably the entire rest of the offering, even though he claims to have only sold the firs $140,000. The SEC knows how many he sold and if he lied in the blog, that does not bode well.
His claim that he wasn't going to do anymore offerings under the Form D he filed in May 2011 showing the first sale occurred in April 2011 is disingenuos IMO because the offering expired one year after the first sale.
This guy is really good as using weazel language to create misimpressions.
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