Replies to post #24890 on Extreme Motorsports of California (EMOC)

[daiello]

Despite it being all over this board, a 504 is a way for a company to raise funds, up to $1,000,000

Alan has stated that he is waiting for the papers for closing the 504, before releasing any news stating it was closed.

[xsurfbum]

Take a look kgeezy.......




http://www.sec.gov/answers/rule504.htm

[NextGenTrade]

Also it means constant selling.....causing a near impossible run up of the stock no matter the news.

As you can see from the share price of ETMO.....just a few months ago the price was in the pennies.

Day in and day out selling from the 504 and any shorting is what caused it to decrease so much........

Remember how Allan stated that they raised $450,000 from 504?

Well that was increasing the amount of shares and then selling them. So it is good if the company actually uses it to expand but in the process it hurts existing shareholders.....make sense?