… shares to thepublic in an attempt to raise $800,000,000 in cash. 2.Newcowill, immediately after Step 1 above, take a … portion of the$800,000,000 and acquire the assets of three companies; those assets arecomprised of outstanding loans, … as a "going concern" to Newco in exchange for $18,000,000cash and voting stock of Newco worth about $100,000,000. …
Rule
15 USC18a(c)(1) (2) 7A(c)(1) (2), 802.2
If Manco is exiting the business, the ordinary course exemption would not be applicable to the acquisitions of the non-real estate loans and receivables. The mortgages and any other loans secured by...