Carnegie Development Inc. (CDJM)

[BigBuy57]

Wrong. You are misreading their post. They're saying they cannot state whether or not a company's offering is a good investment.

However, the company MUST COMPLY with the SEC's disclosure requirements before the SEC will approve the registration and for it to become effective.

Typically a company has to make 2 to 4 submissions of their S1 before they gain approval from the SEC to designate their document as effective and for the shares they are registering as FTS to be approved for issuance.

If a company does not answer all of the SEC's questions appropriately the filing does not get approved.