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Securities Act of 1933
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Re: |
Poplogix LLC |
Based on the facts presented, the Division will not recommend enforcement action to the Commission if, in reliance on your opinion as counsel that neither the Loans nor the Notes are securities as defined in Section 2(a)(1) of the Securities Act of 1933, Poplogix LLC or the Company offers and sells the Loans or Notes without registration under the Securities Act.
This position is based on the representations made to the Division in your letter. Any different facts or conditions might require the Division to reach a different conclusion. Further, this response expresses the Division’s position on enforcement action only and does not express any legal conclusion on the question presented.
Sincerely,
Mark F. Vilardo
Special Counsel
The Incoming Letter is in Acrobat format.
http://www.sec.gov/divisions/corpfin/cf-noaction/2010/poplogix110510-2a1.htm
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