George Foreman Enterprises Inc.(fka GFME)

[Horns in ATX]

Thoughts about the last 8-K, found here: http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7402174

You have to read this very carefully. It states

On August 3, 2010, the registrant received a letter from the Securities and Exchange Commission (“SEC”) dated July 27, 2010 regarding the registrant’s reporting requirements under Section 13(a) of the Securities Exchange Act of 1934 (the “Exchange Act”). The letter states that if the registrant is not in compliance with its reporting requirements, it should file all required reports within fifteen days from the date of the letter or it may be subject to an administrative proceeding to revoke its registration under the Exchange Act.

i) It has now been more than 15 days since July 27th, which is a good sign. I wanted to know for sure though so I dug a little deeper.

ii) Reread this "The letter states that if the registrant is not in compliance with its reporting requirements..."
-if, the letter states, "if". What a difference this one little word makes. Thanks to the DD done by levelnever here: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=53143168 we know that GFME is in compliance with its reporting requirements. Add that to the fact that we are still trading, we should know without a shadow of a doubt that GFME is within its reporting requirements.

This had been a lightly nagging issue for me, but now it is a non-issue. I can only imagine that George and Seymour have bigger things planned. Actually, I don't imagine I know for a fact what is planned because I read it in the 8-k prior to the one above, found here: http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7298989 and Exhibit 10.1 (the meat and bones of the 8-K) found here: http://www.faqs.org/sec-filings/100604/George-Foreman-Enterprises-Inc_8-K/v187457_ex10-1.htm . I copied and pasted (and bolded) the exciting parts below.

-"Ventures entered into another Agreement with Foreman and United States Pharmaceutical Group, LLC (d/b/a NationsHealth) (“NationsHealth”) on May 28, 2010 pursuant to which Foreman was appointed as NationsHealth’s exclusive spokesman for core diabetic supplies and Foreman granted NationsHealth an exclusive worldwide license to use the Foreman name, likeness, image and signature in connection with advertising to promote the core diabetic supplies. This Agreement was also agreed to and acknowledged by the Company."

-"10. Press Release. It is the intent of the parties to issue a joint press release announcing the formation of the relationship created hereby; provided, that it is agreed, except as required by law or by the Securities and Exchange Commission (upon an opinion by counsel of such party) or in connection with the performance and enforcement of this Agreement, no party will issue any such press release or disclose the terms of this Agreement without the prior written consent of the other parties."

-Disclosure: I am long and am holding all of my shares until we get a PR.