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| | SEC Regulations - Initial Public Offerings, IPO, IPOs, DPOS, Reverse Mergers, Shells, Venture Capital, Business Plans, ... (Site not responding. Last check: ) |
 | | Companies may choose among three formats to prepare the offering circular, one of which is a simplified question-and-answer document; and may "test the waters" to determine if there is adequate interest in its securities before going through the expense of filing with the SEC. |
 | | If a company "tests the waters," it can use general solicitation and advertising prior to filing an offering statement with the SEC, giving it the advantage of determining whether there is enough market interest in its securities before incurring the full range of legal, accounting, and other costs associated with filing an offering statement. |
 | | A company can sell at least $1,000,000 of securities under this exemption, no matter how small the company is. It can sell even more if it satisfies certain formulas based on the company's assets or on the number of its outstanding securities. |
| www.gopublicusa.com /regulations.htm (3917 words) |
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