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Re: flaflyersfan post# 99466

Thursday, 08/16/2018 8:33:58 AM

Thursday, August 16, 2018 8:33:58 AM

Post# of 194889
You refuse to put up any data that supports your assessment that becoming SEC compliant is near impossible, it flies in the face of why the SEC exists. The CEO even laid out the steps it takes.

"So we are really excited. We began the process of putting together our registration statement. The Sec is going to require us to submit a registration statement in order to reregister with the SEC and become compliant. And then there will be some sample memory forms that we will have to do to get current. Other than that, other than approval of a registration statement there won't be anything else, so we do believe that if it's not this year it is absolutely going to be by March 2019 when the 10-K is due. At that point we will have three years of audited PCAOB, audited financial statements and in our experience and the work we've done with our attorneys and the reaching out that we've done with the SEC and people that know the SEC very well, we are certain that if they come back with comments about third year as opposed to two years in the registration statement, we'll be able to deliver that no later than March 2019. So we are well on our way. We work with our attorneys, we've submitted them - submitted to them any due diligence documents that they require to begin producing that registration statement. They are working fully on that."
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