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sorry, what is an NDA? sorry
DC did not mention it though.
geo. thats the bottom line.
211 can be filed w/o AFs
geo: 211 is a must = no mm = no trading except greys. IMHO.
Opinions?: Say CKYS has had a strong relationship with an mm that knows a great deal about JP & CKYS, and is confident that, if CKYS is able to satisfy the SEC issues, the mm would have no problem doing the 211. the next issue would be how long it takes for NASD approval. IMHO, CKYS = Grey Sheets from 2/20/07 until then. Comments? Knowledge? Experience?
serf; my point exactly!
serf: if you will define "other things", i will dd
jeanette: well, imvho, yes.
serf: agree. i saw and have not ignored. imvho the only problem is "other things" is way too non-specific. i chose to focus on specifics. there is way too much speculation and lack of information on what is specific for me to worry about what is non-specific. see what i mean? how can i do dd on non-specifics? ie "other things"? If other things didn't merit specific mentioning and we get through the 3 specifics, the other things should be a cake walk! IMVHO.
Flip: Seems like forever ago and the 20th seems like forever away.
Todd: Thanks! Nice, fast DD!
sorry roadie. best this newbie could do.
My understanding is when sec suspends, all mms are removed and stock can only be traded on grays (no published bid/ask) and an mm has to file a 211 for stock to trade anywhere else, which has to be apprroved by NASD and is time consuming and the mm who files it incurs some risk and possible sanctions should there be future indiscretions. i think i am right or at least in the ballpark.
What is a Provisional Patent?
A provisional patent was designed to solve an age-old problem. You want to see if your invention has commercial appeal, but if you tell people, you run the risk they will “steal” the idea. Non-disclosure agreements can help, but not everyone is willing to sign one.
Before 1995, inventors could either build the invention themselves, or they could file a full patent application before telling anyone about their invention. However, there were significant problems with both approaches. First, it’s time-consuming and expensive to build a working prototype, especially one based on new technologies. Second, hiring an attorney to prepare a full patent application can cost thousands of dollars.
The solution was the Provisional Patent Application. According to the U.S. Patent Office, a provisional patent is designed to provide a “lower-cost first patent filing in the United States.” A provisional patent lets you quickly secure an initial filing date for your invention and legally allows you to use the words “patent pending.” These words serve as a strong warning that anyone who copies your invention risks patent infringement.
Once a provisional patent application is filed, you have 12 months to test your idea and seek funding before filing a full patent application. If you choose to file the full patent before the end of the 12-month period, the filing date can “relate back” to the date you filed your provisional patent application. In other words, if you filed your provisional patent application on January 1, 2004 and then file your full patent application on December 31, 2004, the full patent will be deemed to have been filed on January 1st.
If you decide not to move forward with your patent, then you can simply abandon it, knowing your upfront costs were minimal.
Jp told DC that CKYS has "provisional patents". I would have to do DD to understand. J-Rhino I bet could tell you.
serf: this also stands out:
Why would the SEC take such action when it knows it will hurt current shareholders?
Because a suspension often causes a dramatic decline in the price of the security, the SEC suspends trading only when it believes the public may be making investment decisions based on false or misleading information. Suspensions give notice to current and potential investors that we have serious concerns about a company. A suspension may prevent potential investors from being victimized by a fraud.
serf: when i read the suspension order, these words stand out:
contracts with the Department of Homeland Security and/or other government agencies, revenues received pursuant to those contracts, accounts receivable generated by those contracts.
Atta boy JRhino. Was hoping someone knew.
What happens when the ten-day suspension period ends? Will the SEC issue a statement about the status of the company after the suspension has ended?
No. The SEC will not comment publicly on the status of a company when the ten-day suspension ends because the company may still have serious legal problems. For instance, the SEC may continue to investigate a company to determine whether it has defrauded investors. The public will not know if the SEC is continuing its investigation until the SEC publicly announces an enforcement action against the company.
Will trading automatically resume after ten days?
It depends on the market where the stock trades.
Different rules apply in different markets. For stocks that trade in the OTC or the over-the-counter market, trading does not automatically resume when a suspension ends. (The OTC market includes the Bulletin Board and the Pink Sheets.) Before trading can resume for OTC stocks, SEC regulations require a broker-dealer to review information about a company before publishing a quote. If a broker-dealer does not have confidence that a company's financial statements are current and accurate, especially in light of the questions raised by the SEC, then a broker-dealer may not publish a quote for the company's stock.
In contrast to OTC stocks, stocks that trade on an exchange or Nasdaq resume trading as soon as an SEC suspension ends
DC spoke about the patents. He told me that the patents are in the process and the term for where the patenets are in the process begins with a P, but the word isn't pending. I'm sorry I forgot the word...
According to JP, that while the patents are in this stage of the process, they are unavailable to the eyes of the big dogs who might use the info to CKYS' disadvantage.
Nat: Nice post. Totally agree. "If you don't like the message, don't kill the messenger". I, for one, am eternally grateful for DC talking with me. IMVHO, DC owes me or anyone else nothing! Whatever he shares is a gift.
Ely: IMVHO DC will be very selective and cautious about what he posts. INVHO he believes that there are both friendly & unfriendly eyes on this board. I don't know of a soul that would argue that observation with him.
DC #59201 5cap #59198
5cap posted in re his visit yesterday.
Mr. D. Smyth (SEC) called me Thurday in reply to an e-mail I sent him on Wednesday. He was unable to reveal any info in re the suspension/investigation. He referred me to the SEC website.
He did tell me that the SEC does not do suspensions without what they believe are very good reasons and that SEC suspensions are a very serious matter and not to be taken lightly.
I personally spoke w/ DCBass Thursday nite while on his way home from St George, Utah & CKYS Corporate. He spent 3 1/2 hours w/ JP. He has volumes of notes. Jim said many, many things to DC. In my very humble (but very strong) opinion, I believe everything that DC bass told me about his trip. Everything.
I AM a stockholder. I do NOT want the worst for the company. I do NOT want to lose money.
IMVHO, the ultimate, multi-million dollar ouestion is: How honest had JP been w/ DC Bass and everyone else?
IMVHO: JP is innocent until proven guilty.
nite all sweet dreams hav GR8 wknd!
5cap=no recent posts
dickmo: I'm ignorant. Tell me the answers.
Jeanette: please know that it was quite late Thurs nite when DC & i spoke. he was VERY tired! he spent 3 1/2 hrs w/ JP. He took many, many notes. He told me that he had a tremendous amount of information in his notes to review and digest. he did tell me near the end of the talk that he would definitely post, but not right away. I "believe" he told me that he would post by Sunday.
jeanette: I hear ya & am w/ya! I do know that DC Bass was VERY pleased w/ what he saw, heard & felt. His confidence & comfort levels were increased significantly. He took many, many notes. I only posted a fraction of what he told me (per his wishes). It's hard to be patient, but I suppose we must.
We need solid info BADLY from JP/SEC! Difficult if not impossible to obtain. Either JP is on the level or not. There are people that feel strongly both ways. We will find out soon.
jeanette. yes SEC subject getting old, esp since so hard to get info from the sources we need = SEC & CKYS.
DC Bass met w/ JP for 3 1/2 hrs on Thurs. I posted on his behalf w/ his approval. i emailed him a copy of the post. he will post soon = today or tomorrow.
i, for one, am taking this sec stuff V E R Y SERIOUSLY!
JP is the man, our leader, the captain of the CKYS ship. Everything is up to him.
All I want is the truth. We will find out soon if JP is gold or $hit.
Damn. I'm busted. That is EXCATLY what happened! How in the world did you find out?
Nothing all nite from 5cap (or anyone else) about his trip
Cool: What part of my post did u NOT understand?
The guy owes us nothing!
He was gracious enough to talk on the phone last nite and to allow me to post some things on his behalf.
Otherwise, there would be absolutely nothing!!!!
You should be thanking me a little and DC alot!
Are you being selfish & ungrateful?
knowles, if u arent being nasty, you can come to any party i am at. if you are being nasty, then no.
IMHO< I agree. Your post is a waste of space. Several people have spoken w/ DC = confirmed. DC took notes for 3 1/2 hours, was tired, had a ton of info to review and digest. He will post no later than Sunday.
!!!!!!!News From DC Here! Now!!!!!!!
This is a repost from last nite just in case you are interested and missed it.
Just got off phone w/DC. He is very comfortable and confident after his visit.
He spent 3 1/2 hours w/ Jim, also time w/ Tom & Dan = All great guys.
He will be posting, but not right away.
Patents are legit.
Gov't contracts are legit.
No dilution.
Jim confident all SEC issues will be resolved.
Jim confident that CKYS will not go to Greys!
Booyah! Knowles & GoingForIt!