[skiw97]

Becker questioned explained that the offering was over a 2 year period. I see that 504 and 505 have limitations for the issuance ($1m for 12 months and $5m for 12 months), is the restriction removed from 506 because there is an unlimited dollar amount on the issuance and subsequent issuances? I think I answered my own question but if someone could just confirm I would appreciate.. thanks!

FAR 11/13 - 78, BEC 1/13 - 82, AUD 2/23 - 94, REG 5/15 - 86

[Anonymous]

pls clarify yr question again??

[Anonymous]

I believe the Reg D 506 are private placements of unlimited $ amount and may exceed 12 months. These are for sophisticated investors who do investing as a business.

[Vince]

The 12 month and 2 year thing is two different things. The invester (buyer) has to hold it and can not resell it for at least 2 years (long term) and that is regarding reg D (rule 504, 505, 506). The 12 month thing is the amount of securities the company (issuer/seller) can issue (1 mil for 504, 5 mill for 505, and unlimited for 506 given that there are no more than 35 sophisticated unaccredited buyers). Is that what you are asking??

FAR (Feb. '10) - 83
REG (Apr. '10) - 88
BEC (May '10) - 79
AUD (Aug '10) - 80

[skiw97]

got it, thanks…

FAR 11/13 - 78, BEC 1/13 - 82, AUD 2/23 - 94, REG 5/15 - 86

[Author]

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