Nope, you're wrong. Again. It says in plain English... All of these offerings were undertaken pursuant to the limited offering exemption from registration under the Securities Act of 1933 as provided in Rule 504 under Regulation D as promulgated by the U.S. Securities and Exchange Commission. images.investorshub.advfn.com/images/uploads/2014/2/10/uh[ea0_-_ntek_504_issuances_lOl....png images.investorshub.advfn.com/images/uploads/2014/2/10/odcbk0_-_ntek_rule_504_disclosed.png Link > https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=85183 All of these offerings - in plain English