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| | Rule 505 -- Exemption for Limited Offers and Sales of Securities Not Exceeding $5,000,000 (Site not responding. Last check: 2007-11-06) |
 | | If an issuer sold $2,000,000 of its securities on June 1, 1982 under this Rule 505 and an additional $1,000,000 on September 1, 1982, the issuer would be permitted to sell only $2,000,000 more under this Rule 505 until June 1, 1983. |
 | | Rule 504 and an additional $4,500,000 on December 1, 1982 under this Rule 505, then the issuer could not sell any of its securities under this Rule 505 until June 1, 1983. |
 | | Paragraph (b) (2) (iii) of this Rule 505 shall not apply to any issuer if the Commission determines, upon a showing of good cause, that it is not necessary under the circumstances that the exemption be denied. |
| www.law.uc.edu /CCL/33ActRls/rule505.html (586 words) |
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