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FIRST you need a Real Company. Which Bravo doesn't have.
Then you need a Real Product. That Bravo Never Had.
Then you need Manufacturing. That Bravo Never could get.
Then you need Money. That Bravo got TOXIC Financial Partners.
That wasn't enough Money, so BRAVO starts the Debt Swapping Wrap-Around deal to only put money into his backpocket.
SEC steps in and says NO NO Mr. BRAVO.
And that's just OK with All the "Investors" here, supporting Bravo years after HE IS GONE
And HE GONE with da MONEY.
LOL even the company that got Bravo busted is trading today.
They never paid the SEC Fines either.
good to see you posting lately insureman, hopefully cxac starts to come alive one day.
Wasn't always doom and gloom was it Bennie?
GM Insureman, is that a 0.0002 i see on that ask ?!?
Whoever had 25 million on the ask at .0001 pulled it. Now 10000 on the ask at .0002 -
hahahahahaha, very true.
im just glad, as far as cxac is concerned.......hope is free.
There's always hope...sometimes...
lmao, im still watching to see if there is ever going to be a glimmer of hope.....................
GM all. And by "all", I guess that I just mean me, since it appears that no one comes around anymore.
I can't even remember anymore. What are the steps for resolving the issues with the DTCC?
At this point, I'd even take 2020.
Jorge is the one that kept CXAC alive for all those years, when it should have been dead.
IMHO, he'll get it through this mess too.
Someday...hopefully, sooner than later.
I think Jorge is broke and he cannot repair the damage to CXAC without lawyering up, paying damages, maybe serve a little jail time. Too bad we don't have debtors prisons anymore, where he can at least work it off breaking rocks or something.
This is a sad state to see this company in, amazing to think three years ago it looked like cxac was going to be the real deal, a real product had tv time commercials and everything and this is how long shareholders are rewarded??. I mean we don't even get a update on the company website anymore its been since 12/20/2011 since Mr. Bravo has said anything. As much as I hate to say it to everyone here I think that fat lady has sung and CXAC is over. Everything Mr.Bravo has promised lately in the past few updates has not come true and we have been waiting for a few years now. This DTCC issue and freeze has been going on for the better part of three years. What takes him so long to resolve this issue?
Also he keeps saying or has in the past CXAC has no plans of filing for bankrupcy, it might as well at least do that way we can close the chapter on this story it's a lot better then just having shareholders just sit here day after day and see no volume traded on the stock or nothing...
How does everybody else feel about this?
how about 2016 then?
It would be nice if someone would replace Jorge as CEO.
The guy is either incompetent or a fraud. That much is sure.
CXAC WILL NEVER TRADE AGAIN NOT IN 2013 or 2014 or 2015....
NEVER.
take a look at mdin...................
Same here folks, I disposed my 60+M shares I held since 2009 and will claim my loss in 2013. I lost a big amount but there is no one to blame but me - rookie mistake.
I wanted to say goodbye to all of you and I'm sure I'll see you in a winner board somewhere else one of these days.
Its all a game and this one is over for me.
Good luck and God Bless!
Bravo was barred from owning a public company? When?
How come the ask on E-trade on CXAC is .0002. Is this thing alive again. I didn't buy because I got to much in this now. Just curious.
LOL that why mine will always be for sale at .0001. Maybe I will get lucky and etrade will let me sell them one day. As it stands now you cant buy or sell this on etrade even though there is no halt on it from the sec(last I looked)
I did post a message from the attorney that prosecuted the case to ask how I get my portion of the fine. IF they pay a fine it is put into an account and IF someone hires a lawyer they can class action the SEC for the fines. Of course the lawyer would get most and out of the cash left we might get .00000001 a share. I know I am not hiring a lawyer for it. So the SEC will just pocket any fines paid. Seems fair huh?
wishful thinking ?
):
How do you suppose that is going to happen? This stock is stuck and will be pulled pretty soon on one of the SEC scam lists. This stock can not go anywhere. The CEO was fined and barred from owning or operating a publicly traded company. He cant even sell the shell because he would break the restriction. This stock is permanently dead and will eventually just vanish.
Anyone who claims they have recieved this product should take a picture of it with todays paper. There is no product no ceo no company no value here. You should just have your broker cancle the shares and write them off. I did not need the write off this year so my shares are still in my acct.
Am sick of seeing cxac in my acc...my broker dispose of my 3mill shares ..now i can claim the loss on my 2013 tax....every little bit help on your tax ...trade smart gl
No because you need to do that before new years eve because it takes more then a day for a settlement with the trasaction; even though the money is instantly yours after you sold it. Thats why they always tell people to sell a week before the new year at least so there are no issues with tax write off's.
I think its people getting out to take the tax write off?
I was wondering the same thing, nobody here even noticed over 10 million in volume on cxac on monday that's the most volume traded for this stock in a LONG time.
I would try QTMM out. but. JB has got all my money tied up in empty promisses right now.
Happy holidays!
i will check it out, thanks and you and yours have a great holiday.
Look what I found on another board...
MDIN Product List
- Snorenz
- Good Night's Sleep
- Painenz
- StemIntense Product Line
**Snorenz Patent**
Guess we won't be selling that anymore...
Bravo Bob! First decent post I've seen from you without being condasending at all, and all this time I thought you were just another paid bash hound "no insult" intended just being honest here.
Maybe there is hope for you yet ;)
FB I feel Ya. I can only state my experience with the product.
NONE as No Product was Ever received by us.
Based on Your Wife's endorsement and others, I also worked to get this Product into the Market.
Maybe my requests for CASES of Product to be shipped to a Chain of Beauty locations was too much too soon?
That's how I wrote-off the No Communication.
But when we Didn't Receive a RETAIL Order, Red Flags were Flying.
Before I use MY contacts and MY customers to support a new product, I needed to meet the Man.
That's why I went there, with Cash-in-Hand to find him.
Someone did backtrack a retail shipment that was shipped from a home address/garage. Then he changed the Product to ship out of MI. or somewhere? Probably were someone was Making it for him as a Privale Label.
JB had to have some type of Product, because of All the Professional Endorsements he paid good money to get.
The DR's. on the website.
However JB's Original Debt Swaps and becoming a player in the Wrap-Around Debt Swap Game makes it look like He was just playing CXAC for All the money he could get into his back-pocket.
Just like JB hawking to try and UPLIST the Exchange.
When, He hadn't Even PAID for the OTC Registration Statement YET.
i got $300 in this turd and hoping for a tax write off..hope to get rid of this turd and move on with my trading life -trade smart gl guys
Interesting Information for every investor to know
Exchange Act Forms
Last Update: July 8, 2011
These Compliance and Disclosure Interpretations (“C&DIs”) comprise the Division’s interpretations of Exchange Act forms commonly used by issuers. Some of these C&DIs were first published in prior Division publications and have been revised in some cases. The bracketed date following each C&DI is the latest date of publication or revision.
N.B. C&DIs for Form 8-K and for Section 16 forms have been separately published and can be found at Exchange Act Form 8-K and Exchange Act Section 16 and Related Rules and Forms, respectively.
QUESTIONS AND ANSWERS OF GENERAL APPLICABILITY
Section 101. Form 6-K
None
Section 102. Form 8-A
Question 102.01
Question: May a registrant use a single Form 8-A to register securities on more than one national securities exchange concurrently under Section 12(b)?
Answer: No. It must file a separate registration statement for each exchange. A registrant also cannot amend an already effective Form 8-A to register securities on an additional national securities exchange. It must instead file a new registration statement. [October 1, 2008]
Question 102.02
Question: Does the requirement for identifying the exchange on which the registered security is traded apply to over-the-counter markets?
Answer: No. [September 30, 2008]
Question 102.03
Question: A company was required to file reports pursuant to Section 15(d). After its reporting obligation was suspended, it continued to file voluntarily all reports required by Section 15(d), but it did not file a Form 15. In these circumstances, may the company use Form 8-A to register its securities pursuant to Section 12(g), even though use of Form 8-A is conditioned on the company being “required to file reports pursuant to Section 13 or 15(d)”?
Answer: Yes, because (1) the company was current in all Section 15(d) reports; and (2) no additional information would have been made available to the public by requiring a Form 10 to be filed. However, in general, a company that is voluntarily filing periodic reports would not be permitted to use Form 8-A to register a class of its securities. [September 30, 2008]
Question 102.04
Question: May a company subject to Section 15(d) delay the due date, or avoid filing a quarterly or annual report, by filing a Form 8-A at or after the end of the fiscal quarter or fiscal year but prior to the due date of the applicable report?
Answer: No. A company subject to Section 15(d) with respect to a fiscal quarter or fiscal year cannot delay the due date or avoid filing the related quarterly or annual report by filing a Form 8-A at or after the end of the fiscal quarter or fiscal year but prior to the due date of the applicable report. Form 8-A explicitly provides that a company subject to Section 15(d) with respect to a fiscal year cannot do so. [September 30, 2008]
Section 103. Form 10
Question 103.01
Question: May a wholly-owned subsidiary that meets the requirements set forth in Instruction I to Form 10-K for omitting certain information from Form 10-K also rely on that instruction to omit the same information from a Form 10?
Answer: Yes. [September 30, 2008]
Question 103.02
Question: Is a company that is eligible to use Form 8-A precluded from using Form 10?
Answer: No. [September 30, 2008]
Section 104. Form 10-K
Question 104.01
Question: In order to incorporate information from the annual report to shareholders into the Form 10-K pursuant to General Instruction G(2), the report must be prepared in time to be submitted with the Form 10-K. If the annual report is available only in printer’s proof form when the Form 10-K is due, may it be filed as an exhibit to the Form 10-K and still satisfy this instruction?
Answer: Yes. [September 30, 2008]
Question 104.02
Question: Although General Instruction G(3) indicates that the information regarding executive officers required by Item 401 of Regulation S-K may be included in Part I of Form 10-K, can that information be included in Part III of the Form 10-K?
Answer: Yes. [September 30, 2008]
Question 104.03
Question: How is General Instruction D(2)(a)’s requirement that a Form 10-K be signed by a majority of the board satisfied if there are vacancies on the board?
Answer: This signature requirement is satisfied if a majority of the current directors signs the Form 10-K. For example, a company’s by-laws provide for a 15-person board of directors, and at present there are two vacancies. The signature requirement of a majority of the board is satisfied if a majority (i.e., 7 out of 13) of the current directors signs the Form 10-K. [September 30, 2008]
Question 104.04
Question: May directors’ signatures be provided pursuant to powers of attorney?
Answer: Yes. [September 30, 2008]
Question 104.05
Question: General Instruction D(2)(a) states that where the registrant is a limited partnership, the Form 10-K must be signed by the majority of the board of directors of any corporate general partner who signs the report. How is this requirement applied if there is more than one general partner? How is it applied if only one general partner manages the registrant and other general partners retain no control?
Answer: If there is more than one general partner, then a majority of the general partners must sign the Form 10-K. Where one general partner is managing and others retain no control, only the managing general partner must sign the Form 10-K. [September 30, 2008]
Question 104.06
Question: General Instruction G(3) to Form 10-K permits an issuer to incorporate Part III information into the Form 10-K from its definitive proxy material, if the definitive proxy material is filed within 120 days after the end of the issuer’s fiscal year. Where the 120th day falls on a Saturday, Sunday or holiday, may the definitive proxy material be filed on the first business day following?
Answer: Yes, pursuant to Exchange Act Rule 0-3. [September 30, 2008]
Question 104.07
Question: May an issuer filing a Form 10-K pursuant to Section 15(d) rely on General Instruction G(3) to incorporate by reference into the Form 10-K Part III information presented in a proxy statement that was not subject to the Commission’s Section 14(a) requirements at the time it was prepared and delivered?
Answer: No, unless such proxy statement is filed as an exhibit to the Form 10-K, as required by Exchange Act Rule 12b-23(a)(3). [September 30, 2008]
Question 104.08
Question: In General Instruction I(l)(b), which defaults are covered by the language “not cured within thirty days”?
Answer: “Not cured within thirty days” in General Instruction I(l)(b) of Form 10-K relates to defaults in the payment of principal, interest, a sinking or purchase fund installment, as well as any other material defaults. [September 30, 2008]
Question 104.09
Question: A company filed its annual report on Form 10-K, intending to incorporate by reference Part III information from its proxy statement to be filed within 120 days, pursuant to General Instruction G(3) to Form 10-K. If the proxy statement will not be filed within the 120-day period, what must the company do?
Answer: The company must amend the Form 10-K prior to the end of the 120-day period to provide the information that was to have been incorporated by reference. [September 30, 2008]
Question 104.10
Question: A company omits the Part III information in its annual report on Form 10-K because it intends to incorporate this information by reference from its proxy statement to be filed within 120 days, pursuant to General Instruction G(3) to Form 10-K. If the company is acquired between the due date of its Form 10-K and the 120th day after the end of its fiscal year, and will not file a proxy statement after the acquisition closes, must the company still amend its Form 10-K to include the Part III information?
Answer: Yes. [September 30, 2008]
Question 104.11
Question: An issuer with a pending Securities Act registration statement files its Form 10-K and seeks to incorporate by reference into the Form 10-K information from the pending registration statement. Is this permissible?
Answer: Yes, provided that two conditions are met: (1) the portion of the registration statement to be incorporated does not include any incorporation by reference to another document (see Item 10(d) of Regulation S-K), and (2) a copy of the incorporated portion of the registration statement is filed as an exhibit to the Form 10-K, as required by Exchange Act Rule 12b-23(a)(3). [September 30, 2008]
Question 104.12
Question: Must the Rule 14a-3(c) annual report to shareholders be filed as an exhibit to the company’s Form 10-K?
Answer: The annual report to shareholders must be filed as an exhibit to Form 10-K only if information contained in the annual report is incorporated by reference in the Form 10-K or the registrant specifically requests that it be treated as part of the proxy soliciting material. Only those portions of the annual report incorporated by reference are deemed to be filed as part of the Form 10-K. [September 30, 2008]
Question 104.13
Question: An issuer files its 2008 Form 10-K using the disclosure permitted for smaller reporting companies under Regulation S-K. The cover page of the Form 10-K indicates that the issuer will no longer qualify to use the smaller reporting company disclosure for 2009 because its public float exceeded $75 million at the end of its second fiscal quarter in 2008. The issuer proposes to rely on General Instruction G(3) to incorporate by reference executive compensation and other disclosure required by Part III of Form 10-K into the 2008 Form 10-K from its definitive proxy statement to be filed not later than 120 days after its 2008 fiscal year end. May the issuer use smaller reporting company disclosure in this proxy statement, even though it does not qualify to use smaller reporting company disclosure for 2009?
Answer: Yes, because the issuer could have used the smaller reporting company disclosure for Part III of its 2008 Form 10-K if it had not used General Instruction G(3) to incorporate that information by reference from the definitive proxy statement. [September 30, 2008]
Question 104.14
Question: A filer's annual report on Form 10-K includes the financial statements of the filer, which is a limited partnership, and the financial statements of its corporate general partner, which is not a separate issuer and not required to file a Form 10-K. May the Interactive Data File include the financial statements of the corporate general partner?
Answer: No. Under Rule 405(b) of Regulation S-T, only the filer's financial statements, financial statement footnotes, and financial statement schedules are permitted to be included in the Interactive Data File submitted to the Commission. [May 29, 2009]
Question 104.15
Question: A filer's annual report on Form 10-K includes the consolidated parent company's financial statements as well as financial statements of one of its wholly-owned subsidiaries. The parent company has registered equity, and the subsidiary has registered debt. The single filing on Form 10-K is intended to satisfy the reporting obligation of both issuers. While the face financial statements are presented for each issuer separately, there is one set of combined financial statement footnotes. Should all of these financial statements be included in a single Interactive Data File?
Answer: Yes, if interactive data are being submitted for more than one filer whose financial statements are required to be filed and those financial statements appear in a single filing, such as Form 10-K or 10-Q, they must be included in a single Interactive Data File. See Chapter 6 of Volume II of the EDGAR Filer Manual for detailed instructions on how to prepare the interactive data in this circumstance, including how to format the combined footnotes. Note, however, that the Interactive Data File need only include the financial statements for entities mandated under the phase-in provisions. For example, if only the parent company is required to submit its interactive data in year one of the phase in, then the Interactive Data File in year one need only contain the parent company's complete financial statements. [May 29, 2009]
Question 104.16
Question: An annual report on Form 10-K is intended to satisfy the reporting obligation of two "dual listed" companies by including a single set of financial statements. Each of these companies is a separate legal entity with its own file number and Central Index Key ("CIK"). Which company's CIK should be tagged with the Central Index Key element for this submission?
Answer: The Central Index Key element must tag the CIK of just one of the "dual listed" companies, and the filer may choose which of those CIKs to use. As long as the registrants continue to be dual listed and file joint reports, the same CIK should be used in every filing. [May 29, 2009]
Question 104.17
Question: A company filed its annual report on Form 10-K. As permitted by General Instruction G(3) to Form 10-K, the company intended to incorporate by reference Part III information from its definitive proxy statement to be filed within 120 days after the end of the fiscal year covered by the Form 10-K. The company filed a preliminary proxy statement that contained the Part III information within the 120-day period, but the definitive proxy statement will now be filed after the 120-day period. Must the company amend the Form 10-K prior to the end of the 120-day period to file the Part III information that was to have been incorporated by reference?
Answer: Yes. Pursuant to General Instruction G(3) to Form 10-K, the Part III information may be incorporated by reference only from a company's definitive proxy statement or information statement. Therefore, in this situation, the Part III information must be filed as an amendment to the Form 10-K not later than the end of the 120-day period. [Aug. 11, 2010]
Section 105. Form 10-Q
Question 105.01
Question: Does Part II, Item 4 of Form 10-Q require disclosure of the results of the vote on all matters voted upon at the annual or special meeting, including shareholder proposals and any matter raised on the floor of the meeting, whether or not included in management’s proxy materials?
Answer: Yes. [September 30, 2008]
Question 105.02
Question: A company’s initial registration statement under the Securities Act became effective during its quarter ended September 30. Prior to the effective date, but during this quarter, the company submitted matters to a vote of its security holders. Does Part II, Item 4 of Form 10-Q require disclosure of the results of the matters voted on?
Answer: Yes. Because Form 10-Q applies to the entire quarter, disclosure of Part II, Item 4 matters should be provided in the initial Form 10-Q filed pursuant to Section 15(d). [September 30, 2008]
Question 105.03
Question: If a company is current but not timely in its reporting obligations, may it check the “yes” box on the cover page of a Form 10-Q indicating that it has filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the preceding 12 months?
Answer: Yes. The company may check the “yes” box referred to above even if all required reports were not filed on time, so long as they are filed by the date of the filing of the Form 10-Q. [April 24, 2009]
Question 105.04
Question: If a company is not yet required to submit Interactive Data Files with its Exchange Act reports, should it check the box on the cover pages of the reports relating to compliance with Interactive Data File submission requirements?
Answer: No. A company should not start checking the cover page box relating to Interactive Data File compliance until it is required to submit those files. For example, if a company is first required to include an Interactive Data File with its second quarter Form 10-Q and, as permitted by the grace period rules, includes such file in a Form 10-Q amendment 30 days after the date the report is due and filed, the company should not check the Interactive Data File box on the cover page of its initial Form 10-Q. Rather, it should check the box once the first Interactive Data File is submitted — in this case, with the Form 10-Q amendment. Companies that have been voluntarily submitting Interactive Data Files should not check the box until they are required to submit the files. [April 30, 2009]
Question 105.05
[Withdrawn, Sept. 17, 2010]
Question 105.06
[Withdrawn, Sept. 17, 2010]
Question 105.07
Question: What is the first interactive data submission required of a calendar-year, domestic filer whose initial registration statement on Form S-1 is declared effective on July 2, 2009 and whose first periodic report is a Form 10-Q for the quarter ended June 30, 2009?
Answer: The filer must assess whether it is a large accelerated filer in order to determine how to apply the phase-in schedule for submitting interactive data. Large accelerated filer status is determined based on the criteria set forth in Exchange Act Rule 12b-2 at the end of a fiscal year. On these facts, the earliest date the filer could qualify as a large accelerated filer is December 31, 2010. If at that date the filer qualifies as a large accelerated filer, interactive data would be required beginning with its Form 10-Q for the quarter ended March 31, 2011. However, if at that date the filer does not qualify as a large accelerated filer, the interactive data would be required to be submitted beginning with the filer's Form 10-Q for the quarter ended June 30, 2011. [May 29, 2009]
Question 105.08
Question: The Document and Company Information Taxonomy includes an "Amendment Flag" element. When should the filer set the Amendment Flag to "True" in preparing its Interactive Data File for submission?
Answer: The Amendment Flag signifies that the Interactive Data File is an amendment to a prior Interactive Data File. It is not intended to signify that a new Interactive Data File is being filed as part of an amendment to a periodic report or registration statement. As a result, a filer should set the Amendment Flag to "True" only when the filer is amending the Interactive Data File itself. For example, if a company is first required to include an Interactive Data File with its second quarter Form 10-Q and, as permitted by the grace period rules, includes such file in a Form 10-Q amendment 30 days after the date the report is due and filed, the company should not set the Amendment Flag to "True" when it prepares its Interactive Data File for submission in the Form 10-Q amendment. [May 29, 2009]
Section 106. Form 11-K
Question 106.01
Question: The general instructions to Form 11-K state that plans subject to ERISA “shall file the plan financial statements within 180 days after the plan's fiscal year.” Does this mean that ERISA plans may file the entire Form 11-K (not only the financial statements) within 180 days after the end of the plan fiscal year?
Answer: Yes. As stated in Release No. 33-6867, “plans subject to ERISA will be permitted to file their Forms 11-K within 180 days after the plan’s fiscal year end.” Note also that the Form 11-K now contains only financial statements, and Exchange Act Rule 15d-21 has been amended to allow the filing of ERISA plan financial statements as an amendment to the Form 10-K. [September 30, 2008]
Question 106.02
Question: Are reports regarding internal control over financial reporting required to be included in a Form 11-K?
Answer: No. Form 11-K does not require the reports called for by Item 308 of Regulation S-K. [September 30, 2008]
Question 106.03
Question: Footnote 47 of Release No. 33-8124 provides that the certification requirements of Section 302 of the Sarbanes-Oxley Act of 2002 do not apply to annual reports on Form 11-K. Do the certification requirements of Sarbanes-Oxley Act Section 906 apply to annual reports on Form 11-K?
Answer: No. [September 30, 2008]
Question 106.04
Question: An issuer that has maintained a 401(k) employee savings plan for several years has decided to add its common stock as an investment option in the plan. Under the Division’s position issued in the Diasonics no-action letter (Dec. 29, 1982), both the plan interests and the employer stock will be subject to the Securities Act. Prior to the addition of the employer stock, the plan interests would not be regarded as securities. General Instruction A.2. to Form S-8 will ordinarily require a plan that has been in existence for more than 90 days to file a Form 11-K concurrently with the registration of the offering of plan interests and employer securities. Does General Instruction A.2 require a Form 11-K to be filed concurrently with the Form S-8 in this situation?
Answer: No. Because the interests were not securities before adoption of the amendment adding employer securities, a Form 11-K is not required to be filed concurrently with the Form S-8. [September 30, 2008]
Section 107. Form 12b-25
Question 107.01
Question: Is a company required to file a Form 12b-25 even when it anticipates filing a periodic report after the Rule 12b-25 extension period?
Answer: Yes. Under Rule 12b-25(a), a company must file a Form 12b-25 for a periodic report that is filed after the due date regardless of whether it anticipates filing the periodic report within the extension period. See Release No. 34-16718. If the company does not anticipate filing the periodic report within the extension period, it should not check the box in Part II of Form 12b-25. [September 30, 2008]
Question 107.02
Question: An issuer files a Form 12b-25 to provide notice that its Form 10-K will be late. The issuer does not check the box in Part II of the Form to indicate that it seeks to use the extension in Rule 12b-25(b) because it anticipates that its Form 10-K will be filed after the 15th calendar day following the initial due date for the Form 10-K, which is outside of the Rule 12b-25(b) extension period. The issuer actually files its Form 10-K before the 15th calendar day. Can the issuer avail itself of the extension in Rule 12b-25(b) and have its Form 10-K be considered timely?
Answer: Yes. A company is required to file a Form 12b-25 to provide notice of a late periodic report filing, regardless of whether it will be able to avail itself of the Rule 12b-25(b) extension period. If an issuer believes that it will not be able to file the periodic report within the extension period, it should not check the box in Part II of Form 12b-25 indicating that it will do so. In the event that the issuer does, in fact, file its periodic report within the Rule 12b-25(b) extension period and the periodic report includes all required disclosures, then the periodic report will be considered timely, even though the issuer did not check the box in Part II of Form 12b-25. [July 8, 2011]
Section 108. Form 15
Question 108.01
Question: Section 15(d) of the Exchange Act provides an automatic suspension of the periodic reporting obligation as to any fiscal year (except for the fiscal year in which the registration statement became effective) if an issuer has fewer than 300 security holders of record at the beginning of such fiscal year. In contrast, Rule 12h-3 permits a company to suspend its reporting obligation under Section 15(d) if the requirements of the rule are met at any time during the fiscal year. Is a Form 15 required to be filed under Rule 12h-3 as a condition of the suspension?
Answer: Because situations exempted by Rule 12h-3 (e.g., there are fewer than 300 security holders of record in the middle of a fiscal year) do not meet the literal test of Section 15(d), Rule 12h-3 requires the filing of Form 15 as a condition of the suspension. By contrast, under Rule 15d-6, if an issuer has fewer than 300 security holders of record at the beginning of the fiscal year, a Form 15 should be filed to notify the Commission of such suspension, but the suspension is granted by statute and is not contingent on filing the Form 15. [September 30, 2008]
Question 108.02
Question: A company submits a request for a no-action letter, seeking to rely on Rule 12h-3 to suspend its Section 15(d) reporting obligations. No-action relief is needed because the company had a Securities Act registration statement that became effective or was updated pursuant to Securities Act Section 10(a)(3) during the fiscal year, and consequently the company does not satisfy the conditions of Rule 12h-3(c). May the company file a Form 15 to suspend its Section 15(d) reporting obligation before the staff grants the requested no-action letter?
Answer: No. Because no-action relief is prospective, the company may not file a Form 15 checking the Rule 12h-3 box until the staff grants the requested no-action letter. If the company files a Form 15 checking the Rule 12h-3 box before the staff grants the no-action letter, the company should withdraw that Form 15 by filing an amendment indicating in an explanatory note that the Form 15 is withdrawn. [September 30, 2008]
Question 108.03
Question: In 2007, Rule 12g-4 was amended to remove the prior Rule 12g-4(a)(2) and to redesignate Rules 12g-4(a)(1)(i) and 12g-4(a)(1)(ii) as Rules 12g-4(a)(1) and (2), respectively. However, Form 15 was not amended in connection with this amendment to Rule 12g-4, so that the Rule 12g-4 boxes in Form 15 do not correspond with the current Rule 12g-4. If a company files Form 15 under one of the redesignated rules, which box should it check?
Answer: Until Form 15 is amended to reflect the current Rule 12g-4, filers should (1) check the “Rule 12g-4(a)(1)(i)” box if the registrant is terminating its Section 12(g) registration pursuant to the current Rule 12g-4(a)(1), and (2) check the “Rule 12g-4(a)(1)(ii)” box if the registrant is terminating its Section 12(g) registration pursuant to the current Rule 12g-4(a)(2). See Exchange Act Rule 0-5. In addition to checking the “Rule 12g-4(a)(1)(i)” or “Rule 12g-4(a)(1)(ii)” box, filers can also include an explanatory note in the Form 15 regarding the change to Rule 12g-4. [September 30, 2008]
Section 109. Form 15F
None
Section 110. Form 20-F
Question 110.01
Question: A foreign private issuer that has prepared its financial statements in a currency other than U.S. currency must provide the current and historical exchange rate information required by Item 3.A.3 of Form 20-F. What source of exchange rate information must be used?
Answer: An issuer may use any reliable source for the rates of exchange as long as it identifies the source. One example of a reliable source is the noon buying rate in New York City for cable transfers in foreign currencies as certified for customs purposes by the Federal Reserve Bank of New York. Although the Federal Reserve Bank of New York is no longer publishing these exchange rates on its web site, it is still certifying them for customs purposes. The Board of Governors of the Federal Reserve Bank publishes these exchange rates on a weekly basis on its web site at http://www.federalreserve.gov/releases/h10/Update. [April 24, 2009]
Question 110.02
Question: When the securities being registered on Form 20-F are in the form of ADRs, must a description of the ADRs be included in the response to Item 12.D of Form 20-F? Must the depositary sign the registration statement?
Answer: When the securities being registered on Form 20-F are in the form of ADRs, the issuer must provide the information required by Item 12.D of Form 20-F. However, the depositary is not required to sign the registration statement. [September 30, 2008]
Section 111. Form 25
Question 111.01
Question: For securities that are being delisted from an exchange, may the Form 15 be filed prior to the effective date of the Form 25?
Answer: No. The effective date of a Form 25 for the delisting of an issuer’s securities may not be earlier than 10 days following the date on which such form is filed with the Commission. A Form 15 with respect to securities being delisted may not be filed prior to the effective date of the Form 25 for the delisting since Sections 12(g) and 15(d) are suspended during the period in which Section 12(b) applies. [September 30, 2008]
Section 112. Form 40-F
Question 112.01
Question: May eligible Canadian issuers rely on Securities Act Rule 402(e) or Exchange Act Rule 12b-11(d) to use typed, duplicated or facsimile versions of manual signatures in connection with Form 40-F?
Answer: Yes, provided that the issuer complies with the requirements of those rules regarding retention of manual signatures and provision of copies thereof to the Commission or its staff upon request. See Cleary, Gottlieb, Steen & Hamilton no-action letter (Aug. 13, 1996). [September 30, 2008]
INTERPRETIVE RESPONSES REGARDING PARTICULAR SITUATIONS
Section 201. Form 6-F
None
Section 202. Form 8-A
202.01 A Canadian company filed a Securities Act registration statement in connection with a proposed merger. The registration statement became effective but was not used. The company desired to register under the Exchange Act and wanted to use Form 8-A. The company was subject to Section 15(d) of the Exchange Act because of the effective registration statement, but it had not made any of the periodic filings required by Section 13(a). Form 8-A is available to register the securities of any issuer that is required to file reports pursuant to Section 15(d). Counsel was informed that the Division staff would not object to the use of the Form 8-A as long as the company first filed all of the delinquent Exchange Act reports. [September 30, 2008]
202.02 A company has over 500 shareholders and $10 million in assets on December 31, the last day of its fiscal year, and is thus required to file an Exchange Act registration statement within 120 days of December 31. On March 1 of the next year, the company’s first Securities Act registration statement becomes effective, and the company becomes subject to Section 15(d) of the Exchange Act. The company may file its Exchange Act registration statement on Form 8-A because at the time that filing is required, the company will be subject to Section 15(d). [September 30, 2008]
202.03 A company issued units of common stock and warrants, and more than a year has passed since the effectiveness of the Securities Act registration statement. The warrants are now exercisable and the company wants the common stock to be listed on NASDAQ. As to warrant exercises, post-effective amendments would be required to keep the prospectus current for Section 10(a)(3) purposes. If the company is still subject to Section 15(d), the company may use a Form 8-A to register under the Exchange Act. [September 30, 2008]
202.04 A publicly-held company registered under the Exchange Act and emerging from bankruptcy proposes to issue, pursuant to the bankruptcy plan, a new class of common stock with a different par value from its other common stock. Since the prior class of common stock was cancelled as part of the bankruptcy proceedings, the company will be permitted to amend its current Form 8-A Exchange Act registration statement to effect registration of the new class of common stock. [September 30, 2008]
202.05 No objection would be raised to the filing of a Form 8-A prior to the effective date of a Securities Act registration for the same shares, where the purpose was to facilitate listing on an exchange as soon as the Securities Act registration became effective. [September 30, 2008]
Section 203. Form 10
203.01 A publicly-held company registered under the Exchange Act and emerging from bankruptcy proposes to issue, pursuant to the bankruptcy plan, a new class of common stock with a different par value from its other common stock. Since the prior class of common stock was cancelled as part of the bankruptcy proceedings, the company will be permitted to amend its current Form 10 Exchange Act registration statement to effect registration of the new class of common stock. [September 30, 2008]
Section 204. Form 10-K
204.01 General Instruction I to Form 10-K permits the filing of an abbreviated Form 10-K by certain wholly-owned subsidiaries of a reporting company. One of the conditions for the use of the abbreviated form is that all of the registrant’s equity securities must be held by a single person. A request to use the abbreviated form was received from a company that had a series of non-voting preferred stock held by 135 persons. All of the common stock was held by a single person. The company was permitted to use the abbreviated Form 10-K on the condition that the number of holders of the non-voting preferred remained below 500 and therefore did not necessitate registration of that class pursuant to Section 12(g) of the Exchange Act. [September 30, 2008]
204.02 For purposes of Form 10-K, Item 601(b)(10)(iii) of Regulation S-K requiring disclosure of remunerative contracts would apply to a deferred compensation plan entered into during the fiscal year, even though the officer/director retired during that fiscal year and no longer was an officer/director. [September 30, 2008]
204.03 A limited partnership, which offers securities on Form S-11 that goes effective on December 15th, does not commence selling efforts nor does it acquire properties or admit limited partners until after December 31st, the end of its fiscal year. Escrow is not broken until June 30th of its next fiscal year. Regardless of the fact that selling efforts began in the next fiscal year, the partnership should file a Form 10-K for the fiscal year in which the Form S-11 went effective. [September 30, 2008]
204.04 A calendar year Exchange Act company proposes to file a Form N-8A and become a registered management investment company prior to March 31, the due date for its Form 10-K. Its first N-CSR, which would satisfy both Investment Company Act and Exchange Act reporting obligations, will not be due until after the period ending June 30. The Division staff advised that the company should file the Form 10-K due March 31, even though the company will be an investment company as of that date, and a Form 10-Q for the period from January 1 through the date the Form N-8A is filed. [September 30, 2008]
204.05 A voluntary filer, which must indicate its voluntary status by checking the appropriate box on the Form 10-K cover page, seeks to indicate that it is “current” in its Exchange Act reporting. In doing so, it should not check the box on the cover page representing that it has filed all reports required by Section 13(a) or 15(d) required during the preceding 12 months and has been subject to such filing requirements for the past 90 days, as this would create confusion since the company has indicated that it is a voluntary filer. However, because this information can assist sellers in determining whether the company satisfies the current public information requirements of Rule 144(c), the company should add an explanatory note indicating, if correct, that it had filed all Exchange Act reports for the preceding 12 months. [September 30, 2008]
204.06 A publicly-traded REIT has a commonly used structure (called an UPREIT) in which the publicly traded corporation acts as general partner of a majority-owned limited partnership that holds and operates all of the properties. The executive officers of the corporation are also executive officers of the operating partnership. The compensation paid to those executives is for services provided to both entities (i.e., they are not separately compensated for their services to the operating partnership). Both entities report pursuant to Exchange Act obligations. Pursuant to General Instruction G(3), the corporation’s Form 10-K will forward incorporate its Regulation S-K Item 402 disclosure from its definitive proxy statement. The operating partnership does not file a proxy statement. Because the corporation’s and the operating partnership’s compensation are integrally related, the operating partnership may incorporate Part III information into its Form 10-K from the corporation’s definitive proxy statement. [September 30, 2008]
204.07. An amendment solely to correct the signature page of a Form 10-K by providing the previously omitted signatures of both the principal financial officer and the principal accounting officer does not require new signatures by the directors. [September 30, 2008]
Section 205. Form 10-Q
None
Section 206. Form 11-K
206.01 A company filed a Form S-8 registration statement to register participations in a profit sharing plan. It has been determined that the participations would, in fact, be exempt from registration under Section 3(a)(2) of the Securities Act. The remaining participations are being deregistered. The company was informed that under the circumstances the Division staff would not require the continued filing of Form 11-K annual reports for the profit sharing plan. [September 30, 2008]
206.02 A company planned to file a Form 11-K for a 6-month year period for an ERISA plan. Form 11-K provides that the due date for an ERISA plan Form 11-K is 180 days after the fiscal year end. However, Rule 15d-10 provides that for short years of 6 months or more, an annual report would be due 90 days after the fiscal year end. The Division staff took the position that the short-year Form 11-K could be filed 180 days after the fiscal year end. [September 30, 2008]
Section 207. Form 12b-25
207.01 A Form 12b-25 submitted in connection with a late Form 11-K to be filed in paper pursuant to Item 101(b) of Regulation S-T may also be filed in paper. [September 30, 2008]
Section 208. Form 15
None.
Section 209. Form 15F
None
Section 210. Form 20-F
None.
Section 211. Form 25
None.
Section 212. Form 40-F
None.
http://www.sec.gov/divisions/corpfin/guidance/exchangeactforms-interps.htm
Thank you for the input. I would have saved alot of Time and Money NOT trying to sell his FAKE PRODUCTS.
I could understand how a new startup didn't have the margins needed to sell to a Chain of Beauty locatons.
But they would have been the best avenue to SELL the Product.
A website to retail without major advertising would not work, and would not get out the word.
But HE NEVER EVEN FILLED THE RETAIL ORDERS!!!!!!
Which really makes it look like CXAC was Nothing but a SCAM from the Start?
ADD a few Debt Swaps with SEC problems.
And a Wrap-Around Agreement to shut this SCAM Down.
Oddly this Board's biggest supporters always said, "But he wasn't named in the SEC Complaint" As I posted the SEC doc's over and over agin. Because no-one here seemed to read or care?
Oddly here he even had supporters hawking How Good the Products were? Over and Over and Over Again.
What Comes Around GOES Around. In this Game of Life.
And Mr. J. Bravo will get his just Rewards, on this side or the other. IMHO
Bikerbob I posted that several times check my old posts. I live here and have been to all his known addresses. I have reported on all of them several times. I told the board about the UPS post office box and the shipping office address that doesnt even know who he is. I have made several attempt to contact him with no luck. Mr. Bravo is a scammer and a low life who hides in the shodows. I live here in Miami and he knows it that's why we wont make any contact with me. I have several millions of his scam sitting in my account. So please dont say "This board didn't even know JB had no Offices"
This Board didn't even know JB had No Offices.
And CXAC was always being operated out of a UPS/Mail Drop Box.
UNTILL I TOOK HIM REAL BUSINESS to SHIP.
Great DD.
Before I bring in MY Retail Beauty Chain to stock and sell CXAC's Products, I went there to meet with JB.
JB never met with me, anywhere.
JB never tried to fill my ORDERS.
JB showed he could only sell Direct not Wholesale.
So we placed an order direct, that NEVER got filled.
So the FACT that JB issued 1.6 BILLION MORE Shares and sold them for a cash discount into JB's back-pocket is OK with Investors? LOL
I Think Not.
Over $125K. NOT Put into the Company. Put into JB's Pocket.
That's OK, because it wasn't illegal? WWWWHHHHAAATTTTT??????
Not spent on Raw Materials.
Not spent on Production.
Not spent on Advertising.
Not spent on Accounting or Fins.
1.6 Billion SHARES was over 25% of the TOTAL SHARES OUTSTANDING.
Without Fraud Issueing Companies like CXAC, the Debt Swap Scams and Wrap-Around Agreement Scams could not run.
Thus the closing down of CXAC.
JB NEVER even filed and paid for the Registration Statement for CXAC. WHY?
JB NEVER FILED ANYTHING EVER.
Because it was ALL a Fraud to put money into his pocket and out of your's.
At the sametime, JB was trouting about doing filing to move CXAC to the Nasdec. LOL While JB FILED NOTHING.
Where is the Class Action Shareholder Lawsuit against JB for taking your Money?
Oh that's right it was OK, he wasn't named in the SEC Lawsuit only the Company CXAC Named. LOL
FRAUD is FRAUD.
they did not sell them early, cory ribisky from the nir group who is in jail now was issued them for a loan, and he sold them before he was supposed to.
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Re-juv by Caci was created because of a demand for high quality, affordable, anti-wrinkle beauty-restoring essentials. Our Cosmetic Chemists at Re-Juv by Caci have formulated and designed specialty anti-wrinkle creams for beautifying your skin by tremendously helping to hide, and even eliminate those fine lines and unwanted wrinkles. These anti-wrinkle creams are expertly formulated to be very safe, yet effective to ensure satisfaction for anyone seeking softer, smoother, healthier looking skin at any age. The Re-Juv Essentials, the 3-product combo that you have been waiting for, that you have been hoping for, is here! Three amazing products that will effectively and safely improve your skin, making it softer, smoother, more even-toned, younger-looking. Wrinkles? No problem! For temporary relief, just apply Re-Juv Instant Results and in seconds you will see most fine lines have disappeared, and most wrinkles look greatly reduced. You look younger, instantly. For more lasting wrinkle reduction noticeable in 2-3 weeks, and to make your skin feel softer, smoother, more resilient and even-toned, apply Re-Juv Night Cream before bedtime for the miracle to happen. Then, in the morning, after cleaning your face and neck, apply Re-Juv Day Cream for protecting your skin from the pollutants and contaminants in the air, against the dangers of sunlight and heat or cold, making your skin much smoother and softer.
http://www.rejuvbeauty.com/
http://www.crossac.com
September 02, 2009
Cross Atlantic Commodities, Inc. a successful manufacturer of specialty health and beauty products, announced today the launch of a new and
major Internet marketing program. "Combining the efforts of two leaders in Internet marketing, ClickBooth and Online Performance Marketing, LP, with the necessary resources and the proven marketing program for RE-JUV by Caci. will be a successful formula to drive new customer acquisition cost effectively," said Jorge Bravo, CEO. Online Performance Marketing will promote our product on major search engines such as, Google, Yahoo and Bing, using their latest technology to drive internet shopping traffic through optimized clicks, phone calls and conversions to generate a marked increase in our product sales. The company expects to expand both Brand recognition and continuity of sales. "We have now put together all the elements that are needed to grow our products and sales pipeline as never before," said Bravo. The Company estimates that it will add $500,000 in revenue growth by year-end 2009, and estimates the largest growth to come in years 2010 and 2011; topping $5 million in revenue growth by year-end 2010 as it adds additional brands to its line-up. According to a report from market research company Global Industry Analysts, the market for anti-aging products is predicted to reach an astounding $115.5 billion by 2010. The report notes that both changes in lifestyle and grooming practices are occurring amongst consumers in an attempt to fight against aging and to minimize its visible effects. The report further concludes that younger consumers - those aged between 25 and 30 - are progressively more interested in anti-aging products, particularly topical skin treatments. This is leading to an increase in spending on anti-aging products, which in addition to an ever younger consumer base, result in improved market opportunities for our evolving suite of products.
September 04, 2009
1. Both programs with Clickbooth and Online Performance Marketing, LP have been successfully launched and we are tracking our order flow. We will follow up with actual sales figures in approximately 15-20 days.
2. Within 15 business days we will be updating our financials to have them current, and have our outside counsel issue an Opinion Letter on our Disclosures and Financials to receive Pink Sheets Preferred Status. This will remove any trading restrictions at most firms and we hope that by Year's end we can apply to the OTCBB to again raise our profile to a larger investing audience.
3. We will update the investing community in the next 20 days via a National press release on the joint venture deal with a second product line. Our manufacturer has costed the product and we should have preliminary samples ready within two weeks. After they are approved for sale to the public we will announce our deal. The product was sold nationwide via, infomercial, major retail chains including Wal- Mart, CVS and Walgreen's and historically reached total volume of 45 million dollars over a seven year period. The patent owner is unable to produce the product and CXAC believes that with our Internet marketing network we can revive the line with minimal effort. The gross profit margins on this product based upon the historical data exceeded 65% on an annualized basis and the market cap for the product line exceeds 175 million dollars.
NEW PRODUCT by CACI
SNORenz
Finally we are on the verge of launching our new product: SNOR-ENZ! This product was sold throughout the US
and Europe and is being revived by our Company. It will add significant
revenue to our bottom line and was the industry leader several years ago. There is nothing in the market that can
compete with the product and our commercial launch is imminent.
NEWS OUT!!!!!
Cross Atlantic Commodities, Inc. (CXAC.PK), a successful manufacturer of specialty health and beauty products, announced signing a distribution agreement with the holders of the Snorenz patent. Snorenz(R) is a nationally well known snoring product.
"We have done our homework on Snorenz(R) and are very excited about the research that the previous company has done and the size of the snoring category", states Jorge Bravo President / CEO. In 2002, the Company completed a double blind study at Northwestern Hospital's Sleep Center in Atlanta, GA, under the direction of Dr. Samuel Mickelson of the Advanced Ear Nose and Throat P.C. The results of that study concluded that SNORenz(R) is an effective product to reduce the noise associated with snoring. We will begin marketing Snorenz, first through Online Marketing, Pay Per Search and Affiliate Marketing Programs. Within the next few weeks our new Snorenz website will be live.
http://crossac.com/
Florida Atlantic Stock Transfer Inc.
7130 Nob Hill Road
Tamarac, FL 33321
last TA update, September 24th, 2009
Authorized Shares (AS) = 6,500,000,000
Outstanding Shares (OS) = 6,499,953,268
Sept 28 2009 Filing for CXAC
http://pinksheets.com/otciq/ajax/showFinancialReportById.pdf?id=24648
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