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Re: Rule 504, Securities and Exchange Commission
Chapman, Spira & Carson - Disscusion

Date: 4/22/99
Time: 6:14:33 PM
Remote User:


Thenew rules make it very difficult for a small company to raise money. Most investors want to have free trading shares no matter what their actual intent. Finding a state that allows general solicitation without registration has been very difficult. The only alternative seems to do SCOR offerings in certain states that don't make you sell shares at $5, which is an unrealistic amount for most small companies.

Last changed: March 17, 2000