Have you all read the SEC filings? If not, you should.
This info below comes straight out of the 11/19/2010 Quarterly Financials. I also recommend reading the 8K dated 10/13/2010. If you read these and understand what you are reading, things may be more clear....or maybe not. Notice what I bolded below
From the filing...
The Company is still pursuing opportunities in the bio fuel industry but has looked at some diversification in order to bring additional shareholder value to the company. On October 8, 2010, Fresh Start Private Management, Inc. (CEYY) and Fresh Start Private Inc. (FSP) a Nevada Corporation entered into a binding letter of intent. The Agreement outlines that the Companies will attempt to sign a definitive agreement by November 31, 2010. FSP owns certain know how and intellectual property dealing with the treatment of alcoholism and operates a medical clinic in Orange County California. Terms of the transaction provide for payment by CEYY of 16,000,000 shares of CEYY common stock for all the outstanding shares of FSP. CEYY will pay a Royalty of 7.5% of gross sales and provide an option to FSP shareholders to purchase up to 10% of any annual stock option plan should the Company choose to invoke one. It is also anticipated that Dr. Jorge Andrade a principle of FSP will become president of CEYY. Due diligence by CEYY board member must still be completed along with audit financial statements from FSP before the transaction can be finalized.
If the Company is able to sign a definitive agreement with FSP the company’s mail medium term focus will be on the business of treating alcoholism. FSP currently operates a clinic in Orange County California.
end of filing quote...
Now, what I gather from this is this...
There are 2 different companies like I think most of us know by now: CEYY public and FSP (not a stock symbol) Private. They agreed to merge and swap 16 milllion shares from CEYY to FSP when the agreement was complete. From what I can deduct, the merger has not happened yet because the audited financial statements from the private side (FSP) have not been completed. I say that because they have not revealed those financial yet. The most recent filing that came out may 23rd was for CEYY only and that's why it shows no revenue, clinic, etc. Furthermore, if the "transaction" can not be completed because the audited financials were not completed yet, then we should assume that those 16 million shares were not transferred to the private side.
Now the big question is...why is the merger taking this long to complete?