A. Are the PPPs securities under the Securities Act of 1933? B. If the PPPs are securities, may L'Malle sell them pursuant to a registration exemption from the Securities Act of 1933 under Regulation A, Rule 504, Rule 505, or 506? C. Should you be fearful about having liability to the investors under Section 12(a)(2) of the 1933 Act and Rule 10b-5 of the Securities Exchange Act of 1934? D. Under what legal conditions may L'Malle release earnings reports and make other normal communications with its shareholders and other investors? E. After L'Malle has filed its 1933 Act registration statement with the Securities and Exchange Commission and before the SEC has declared the registration statement effective, under what legal conditions may you (the CEO) and L'Malle's CFO conduct a road show where you pitch the shares to mutual fund investment managers in several cities