Replies to post #28584 on Pinnacle Business Management (Prev SRCI)

[Jeff Andle]

Panther, you must go through essentially what I am with regards to financing my company...

every sale must be made under a valid and legitimate exemption from registration, in accordance with the laws of the state in which the transaction is made, and without using electronic or postal interstate commerce to solicit, negotiate, or consummate said sale unless you can demonstrate the applicability of a suitable Federal exemption AND a State exemption.

I am more familiar with the laws on issuers (and the issuer has been forcibly barred from any transactions as far as I can tell), not resale regulations.

Rule 144(k) -- two year hold time -- may apply...

[Tate202]

panther...I would think they could be sold, providing they have the proper exemption. Specutator must be talking about the Intrastate Offering. We wouldn't qualify for that because all of us would have to live in Nevada..and the business would have to conduct (whatever it is that it does) in Nevada too. There are a number of different exemptions..all with different variables..accredited investors (not for us either) and when one thing works another might not..ie blank check co.

[janice shell]

I wonder....

Tate, are you saying that shares can still be bought and sold privately? For some reason, I thought even that was forbidden.

If they decided to buy and sell the shares among themselves, or if Hall decided to set up some kind of clearinghouse so the marks could "trade" privately, could any of them be nailed by the SEC for selling unregistered shares?