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Friday, September 16, 2016

PAGE 6 - RESURRECTING RUPP

Here is where the difficulty started. Legally, before any stocks could be sold,  I needed a clearance from The Federal  Securities and Exchange Commission and from every State’s Securities Commission which I was to sell these stocks in.  In most cases I was suppose to get legal representation from each state, which would then work up the clearance papers from there states Securities Commission. After many trips to Federal Securities and Exchange Commission at Denver, Colorado, I received a tentative clearance from The Federal Government as long as I could show clearances which I could present to them from each state. In communicating with many northern states, I acquired a pile of complicated forms and applications which in the most part were to be completed by attorneys and be submitted along with the required bonds.  The only state that was more lenient was The State of Montana in which I could do the paperwork by myself.  Here snowmobiles and the Rupp line was fairly week, however I traveled to Montana to search out Rupp Dealers and Rupp Owners. I discovered that any investors were reluctant to invest any money until I had sold more stock.  I found one investor who was interested in purchasing a large number of shares with the idea that he would become an officer within the corporation  He even traveled to Rapid City to look over the proposed facilities, but after returning he had a change of heart.

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