Paul's Comments

I have been mailing in letters and engaged in conversations with the Maryland Division of Securities, and by pleading my case, trying to get sympathy and basically telling the truth, I won't have to fight the order I mention in the posting below of July 15. It looks like I'm going to get off with a rap on the knuckles: I agree not to violate Maryland securities law again, if I ever offer securities again (in Maryland), I get legal help, a no-action from the Division, make sure any future offering is properly registered or is correctly exempt.

It would have been nice if it hadn't happened, e.g. if I could have found out before the order was filed, but at least it's not horribly bad. And as I have learned in the past, I won't make this sort of mistake again. Plus the order says I can still show potential offerings to banks, insurance companies, underwriters or broker-dealers so I can get their advice if they are interested.