A Connecticut corporation plans to
offer stock to Connecticut residents. In lieu of paying cash, investors may
elect to purchase their stock on an installment plan calling for 36 easy
monthly payments. At what point will the Rule 147’s holding period expire? See
Opportunity Inv. Assocs., SECNo Action Letter(June 14, 1978). What if before
this point one of the purchasers moves to another state? What can be done to
ensure the holding period expires at the earliest possible date? See Diplomat,
Ltd., SEC No Action Letter (Jan. 13, 1984).