ICBS Limited (ICBT)

[Rcranga]

The sec definition, . Once any staff comments have been addressed, the staff will issue an order declaring the registration statement effective, which means the company may proceed to consummate its IPO. Although the staff will not declare a registration statement effective if the staff has reason to believe that the disclosure is incomplete or inaccurate in any material respect, the SEC’s declaration of effectiveness does not represent an approval of the merits of the IPO or an indication that the information disclosed is complete or accurate. . get it, not approved. My all time favorite was the one about how the lock up period was over last summer. Please repost that one.