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Ignotus

07/23/10 11:17 PM

#60170 RE: PaperProphet #60169

in your opinion... will jbii ever get a permit/ produce oil/ sell it? or are none of these going to happen?
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jimmenknee

07/23/10 11:18 PM

#60171 RE: PaperProphet #60169

This is where PIPE -vs- Private Placement shows the distinction-- in my experience most PIPES are written with a Registration Rights Agreement whereas PPs are not.

As a side note-- the ease to which one "qualifies" as an accredited investor, renders the use of that term and its desired safeguards useless :-(