Friday, September 27, 2013 5:05:42 AM
There is a new confidential submission process for sending general solicitation materials to the SEC and I have used it and will continue to do so:
https://www.sec.gov/forms/rule506c
There are Proposed Rules that might create a more useful and important pre-solicitation filing procedure, but those additional Rules such as Rule 510T and a revised Rule 503 and a new Rule 509 will likely go into effect within the next 12 months, and probably sooner rather than later.
Prior to commencing our general solicitation and general advertising we must finish recalling the shares that were improperly issued earlier this year. We have the first share certificate in the process of being returned to the transfer agent already, for 10,000,000 shares, and I am sure there will be more certificates returned also.
Our crowdfunding campaigns will be far more effective when we first raise additional capital with which to advertise and promote our crowdfunded product and service offerings, so the priority at the moment remains the commencement of our Rule 506(c) general solicitation. As you noted, that will include the use of social media and other Internet-based advertising. The precise timing has not been decided yet, but it will be started soon.
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