X-Message-Number: 685 Date: Sun, 29 Mar 92 00:38:58 EST From: (Perry E. Metzger) Subject: For CRYONICS list: RE: Stock offering Message: #681 - Trans Time Stock & Facility Date: Thu, 26 Mar 92 17:11:07 -0800 From: Message-Subject: TRANS TIME stock offering and facility purchase March 26, 1992 TRANS TIME now has another offering of its common stock available. You can obtain a copy of the Offering Notice by dropping a note with you postal address to The main use of the proceeds of this stock sale is to obtain a new facility. Let me inform you of some important recent developments Far be it for me (being a libertarian) to point this out, but by making an offering without appropriate disclaimers you have just violated about a dozen securities laws. Being in the industry, I'm sensitive to such things. Now, I don't believe in these laws myself, but violating them when obeying them is so important to your well being IS indicative of a very slipshod operation. I would never, myself, consider touching a company incapable of sticking an appropriate "This is not an offering which may be made only by prospectus" sticker on it. I also wonder whether or not the securities in question are properly registered. If they aren't, you've just violated a whole other bunch of laws. Again, I want to emphasize that I myself don't believe in these laws. Its just that so long as we live in a highly regulated society those who do not follow the rules tend to come to bad ends. As someone who makes a large fraction of his income from investing, one notes such things very carefully before touching a potential investment. One also wonders why Trans Time would be hawking its own securities when one generally gets an investment bank to do that. Even shoddy operations of fairly low capitalization can usually manage to get an IB interested; I'm suprised you guys can't. Perry Metzger Rate This Message: http://www.cryonet.org/cgi-bin/rate.cgi?msg=685