Fact Pattern 21-3 Yolanda Has Filed the Registration Statement, in Connection with a Connection

question 33

Multiple Choice

Fact Pattern 21-3
Yolanda has filed the registration statement, in connection with a public offering of stock in ABC Corgi, a company dedicated to the production of clothing and toys highlighting the highly prized Welsh Corgi breed of dog. The registration statement is not yet effective. Yolanda would like to move forward with promoting the company as much as possible. She asks for advice regarding activities in which she could legally participate. She is particularly interested in making presentations to large institutional investors.
-Refer to fact pattern 21-3. Which of the following is true regarding Yolanda's situation?

• A) Because she is in the active period, no sales of securities are allowed.
• B) During this quiet period, offers to buy may be accepted.
• C) During this waiting period, so long as requirements are met, she may solicit offers to buy securities but may not accept them yet.
• D) During this quiet period, no sales of securities are allowed; and the red herring may not be distributed

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Definitions:

Grant Request

A formal appeal or proposal asking for financial support, often submitted to organizations or governmental bodies.

Nonprofit Agency

An organization that operates for charitable, educational, or social purposes rather than for profit, reinvesting revenue back into its mission.

Solicited Proposal

A solicited proposal is a request for proposals submitted in response to an organization's call for proposals, indicating a need for services or products.

Request for Proposal

A document issued by an organization to solicit proposals from suppliers and contractors.