Green Oasis (GRNO)

[loanranger]

SEC compliance will not be achieved without addressing the following requirement:
"In order to bring your filings current, please file your Form 10-Ks for the years 1997 through 2009, including audited financial statements as soon as possible."

This is a regulatory requirement, not something that the company gets to decide. Nothing that the SEC said in its correspondence with the company, whether that be a perceived softening of their tone or their response to an entirely different issue, alters that requirement.

It's quite simple, but I guess that it needs repeating:
If the company intends to file a 10Q for the quarter that we are in now, it must first file 10Q's and an audited 10K for 2010. Before it does that, it must first file audited 10K's for the years 1997 through 2009.

One final note:
The SEC's "In order to bring your filings current...." statement appears in a letter to the company dated December 6, 2010.
Mr. Margiotta would have been well aware of that "request" on January 26th when he said "We remain confident as a fully reporting company in releasing our 2010 10-K on time with the Securities Exchange Commission."
The due date for a company in GRNO's filing category is March 31.