VEDO going multipennies,"negotiation in the acquis
Post# of 18521
all are perfect for VEDO:
1.JUST REPORTED NET REV. VS A LOSE BEFORE
2. GREAT ASSETS/DEBT RATIO >1
3. chart say it all,was trading .029 before all of this.
4.pink limited now and current info soon per today's filings
5. just joined the big League:
EDO Files 144A Offering~
Nov 13, 2013 144A Offering Announcement - P & L 2nd Qtr 2013 Jun 30, 2013 Active
Nov 13, 2013 144A Offering Announcement - P & L 1st Qtr 2013 Mar 31, 2013 Active
Nov 13, 2013 144A Offering Announcement - Balance Sheet 2nd Qtr 2013 Jun 30, 2013 Active
Rule 144A. Securities Act of 1933, as amended (the "Securities Act") provides a safe harbor from the registration requirements of the Securities Act of 1933 for certain private resales of minimum $500,000 units of restricted securities to QIBs (qualified institutional buyers), which generally are large institutional investors that own at least $100 million in investable assets. When a broker or dealer is selling securities in reliance on Rule 144A, it is subject to the condition that it may not make offers to persons other than those who have presented certain documents outlined by the SEC, such as audited financial statements, to establish that the buyer is a QIB.
Since its adoption, Rule 144A has greatly increased the liquidity of the securities affected. This is because the institutions can now trade these formerly restricted securities amongst themselves, thereby eliminating the restrictions that are imposed to protect the public. Rule 144A was implemented in order to induce foreign companies to sell securities in the US capital markets. For firms registered with the SEC or a foreign company providing information to the SEC, financial statements need not be provided to buyers. Rule 144A has become the principal safe harbor on which non-U.S. companies rely when accessing the U.S. capital markets.
Since 1990, the Nasdaq Stock Market offers a compliance review process which grants Depository Trust & Clearing Corporation (DTCC) book-entry access to 144A securities. Nasdaq launched an Electronic Trading Platform for 144A securities called PORTAL.
Rule 144A should not be confused with rule 144, which permits public (as opposed to private) unregistered resales of restricted and controlled securities (within certain limits.)