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BitCoin and other crypto currencies…

BitCoin and other crypto currencies…

I have shared what little I know about BitCoin and other crypto-currencies (see my article in May of last year entitled “Crypto Currencies and making money“, and I have dipped my toes into the current of cypto-currencies numerous times doing well and sometimes incredibly well.  I wanted to let everyone know a great description of BitCoin available at:

Invest in BitCoin:
https://www.investinblockchain.com/what-is-bitcoin/

Thanks to Alex Marsh for letting me know about the article…


© 2018 by Rhodes Holdings LLC, all rights reserved.

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Posted by on February 1, 2018 in BLOG

 

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“Aged Debt” Not Exchangeable for Unrestricted Securities

“Aged Debt” Not Exchangeable for Unrestricted Securities

This came from our friends over at Sonfield & Sonfield:

We are informed that some folks believe so-called “aged debt” is exchangeable for common stock or other securities that endure a holding period beginning on the date of creation of the debt.  The folks who unfortunately believe this untruth rely on Section 3(a)(9) that exempts transactions: “[E]xcept with respect to a security exchanged in a case under title 11 of the United States Code, any security exchanged by the issuer with its existing security holders exclusively where no commission or other remuneration is paid or given directly or indirectly for soliciting such exchange.

Rule 144(d)(3)(ii) provides that if securities are acquired from an issuer solely in exchange for other securities of the same issuer, the newly acquired securities may tack onto the holding period and shall be deemed to have been acquired at the same time as the securities surrendered for conversion, even if the securities surrendered were not convertible or exchangeable by their terms.  Rule 144 also authorizes the issuer and investor to agree to conversion terms and still benefit from tacking the holding period of a promissory note, or other security that does not have a conversion feature as originally written.

The exemption from registration makes no mention of “debt.”  The exemption applies to exchanges only of securities.

However, the Securities Act provides an exemption from the registration requirements for the offer and sale of securities by issuers in exchange for debt, if:  “The terms and conditions of such issuance and exchange are approved, after a hearing upon the fairness of such terms and conditions at which all persons to whom it is proposed to issue securities in such exchange shall have the right to appear, by any court, or by any official or agency of the United States, or by any State or Territorial banking or insurance commission or other governmental authority expressly authorized by law to grant such approval.”

SEC Staff Bulletin 3 provides that the resale of securities issued in Section 3(a)(10) transactions may be had without regard to Rule 144 if the seller is not an affiliate of the issuer either before or after the Section 3(a)(10) transaction. That is, if the seller is not an affiliate of the issuer, securities issued in a 3(a)(10) transaction are unrestricted and may be immediately sold in the public markets.


© 2018 by Sonfield & Sonfield, all rights reserved.

 
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Posted by on January 17, 2018 in Business, Public markets

 

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Oppressive regulation of small companies by FINRA

We at Rhodes Holdings LLC feel very strongly about the U.S. financial system, and its ability to provide capital formation for companies in growth mode.  The build up of regulations have strangled our economy and our financial markets.

We agree wholeheartedly with Mr. Sonfield – please read his letter to Senator Cruz (2018-01-04 Letter to Ted Cruz from Robert Sonfield):

2018-01-04 Letter to Ted Cruz from Robert Sonfield

Please join us in working to open up our markets and supporting Mr. Cruz in this endeavor.


© 2018 by Mr. Robert L. Sonfield, Jr. esq. of Sonfield & Sonfield and portions by Rhodes Holdings LLC, all rights reserved.  Please feel free to copy the PDF or image and replicate for purposes of supporting this and communicating with Mr. Cruz.

 
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Posted by on January 6, 2018 in BLOG, Public markets

 

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Definition of an “Accredited Investor”

Definition of an “Accredited Investor”

Here is the official definition of an “accredited investor” according to Regulation D.

 
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Posted by on December 4, 2017 in Business, Public markets

 

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OTC Markets’ update

OTC Markets’ update

Rhodes Holdings LLC and myself, Robert C. Rhodes, are focusing more and more on private companies and their operational funding (and financial oversight), but it is important for all of us to keep track of what’s going on in the OTC markets (not to be confused with the company OTC Markets).  The best way to keep track of what’s going on is to stay on the newsletter list for OTC Markets – here is the latest update / newsletter from them…


© 2017 by Rhodes Holdings LLC, all rights reserved.

 
 

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Brands, what do they mean to you…

Brands, what do they mean to you…

At Third Coast Aviation LLC, we are a member of the Alignable website (see our profile).  This infographic was of interested, so I thought that I’d share it with all of our followers:

 
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Posted by on June 24, 2017 in Business

 

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OTC Markets & promotional data

OTC Markets & promotional data

Today OTC Markets put out its monthly newsletter today (here is a link to my copy of the newsletter, but you should go here and sign up to receive them yourself) and reiterated that it had purchased theOTC.today, which tracks promotional information and has since 2011.  Now, what do you think that they are planning to do with that data?…

Keep up to date with OTC Markets.


© 2017 by Rhodes Holdings LLC and Robert C. Rhodes, all rights reserved.

 
 

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