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gamood

10/09/04 2:41 PM

#21 RE: otterman #20

My understanding is ...the company did a 504 placement, sold 5 million shares at .20 to raise $1 million for operating expenses and growth. This type of transaction is allowed once a year for a maximum return of $1 million. These shares can be restricted or free trading, depending on the state where executed and the conditions of the transaction.
In that case, your purchase at .20 was very astute.
Good luck to a great return.