getting warmer Giddyup,
We all know the rule 303, but did you know rule 506
If you look at the link supplied by jaws, http://www.investorscopes.com/Australian-Special-Opportunity-Fund-LP/D/11442118.aspx you will notice an exemption under number 6. Exemption from what?
”Securities Law
Regulation D is a collection of eight separate rules providing so-called "safe harbor" protection. If an issuer satisfactorily demonstrates that it has substantially complied with the requirements of Regulation D, the SEC and disgruntled investors are presumptively prevented from asserting a registration violation…
The final offering alternative under Regulation D is Rule 506, which exempts offerings without any limitation on the dollar amount of securities which can be sold...”
http://tenonline.org/art/sl/9211.html
Who else is in the suite? Able One Capital (inc 2002) a blank check company
http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=3565877
With Jeff Easton a managing director of Springtree, Lind looks a bit blank as well. And remember that those holding a pile of notes, not just Harmony, will be encouraging share holders to dig deep again whilst their own dilution problem is reworked in the math for conversion. Which they are entitled too do. But beware.
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