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answer the question in 5-10 sentences. Becky purchases one percent of Lakeside Ventures' (LV) preferred shares of stock in a private offering. Outside of the
answer the question in 5-10 sentences.
Becky purchases one percent of Lakeside Ventures' (LV) preferred shares of stock in a private offering. Outside of the purchase, Becky has no other connection to the company. The terms of the purchase agreement do not state any resale restrictions, and LV is not required to make any periodic filings under the Securities and Exchange Act of 1934. Less than a year later, Becky wants to sell the stock without registration. How would you advise Becky?
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