Western Sierra Resource Corp (WSRC)

[amateurinvestor]

Why all the seeming panic, guys?

This looks like a pretty routine announcement from WSRC. It is good news for the company in the fact that the SEC did not reject their application outright. The SEC is simply asking for more information which the company will provide with the completion of the 2 year audit. When that information is provided with re-submission of their Form 10 application, I expect that the SEC will promptly approve their application or simply allow it to stand without challenge. We will have to wait for the completion of the audit, but delays like this are to be expected. People who are patient will be rewarded!