Email to Mark:
Any progress. You mentioned that you were going to try to get a couple of calls out around Thanks Giving toward the 211 financial statement progress or something like that.
Mark's reply
I am considering a merger into a fully reporting company or otherwise and that includes bringing MIKP shareholders over. I will keep everyone posted as I discuss w candidates I've identified.
Email to Mark:
Sorry about that. My bad. I was under the impression that the sec said there is nothing left for you to do. Wouldn't it be better to be on the pinks as MIKP and not merged with anyone? A form 211 is all you need, right?
Mark's reply:
It's "all we need" yes, but it requires an audit ($$) and also rounds of questioning with FINRA---which took several months last time around. I have too much going on in the company to waste precious time and it's a big decision to make- one I plan to make once I've had calls with all merger candidates.
Mark B. Newbauer
Email to Mark
k: If FINRA said there is nothing more for you to do, then why would they go through more rounds with you. You mentioned that you made more progress in the last couple of weeks than in all the time since September 2011.
Mark's reply
no- the SEC has sent us a termination letter/no action letter- which means we are not being questioned, investigated, under concern, etc. --- this is great to have---but that doesn't mean that FINRA won't require to go through the 211 as they did with BMAS- who quit on us on what we felt was the last go-around-- most likely because they are having compliance issues of their own, in my opinion. That leaves us with finding a new market maker (which we have identified-- Glendale), but Glendale will still have to go through rounds of questions/back and forth with finra to have it approved.
Mark B. Newbauer
