Replies to post #39532 on Lecere Corporation (fka LCRE)

[Balanced Attack]

It was a "cut and paste" directly from your post!

side note,my DEGREE was in logic and common sense

I know there must be an accounting segment in that degree.

[rfranke727]

Email from jim
"Obtaining funding to continue operations has a positive impact on shareholders, not a negative impact.

Rule 505 of Regulation D has this requirement: Lecere "Cannot use general solicitation or advertising to sell the securities."

This means I can't broadcast the contents of the private placement memorandum (PPM) to the public. Investors must ask for the PPM, and then I send a PPM only to the person who asked to see the PPM.

If I told the public the terms and conditions of the PPM, which would be the same as divulging the PPM to the public, Lecere would be guilty of "using general solicitation or advertising to sell the securities."

And to be safe, I take the interpretation that a person must be reasonably known to me to be an accredited investor before I will send them a PPM.

Lecere will ultimately have to reveal information about the share structure that results from this funding, but not until the end of the quarter.

The only recourse against a CEO is for fraud or negligence. Making a bad business decision is not actionable.



--
Jim Morris
CEO, Lecere"