Poker to your question on the 15c:
Dear Tom
Many thanks for forwarding this question to my attention. Please find my answers below.
Best Regards
Nik
Nik Ellwood
Head of Sales and Marketing
Medify Solutions Limited
Email: nellwood@medifysolutions.com
Web: www.medifysolutions.com
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From: Tom
Sent: 20 February 2007 17:01
To: investors
Subject: Filing question
Quick question about a 15c211.
This will be the third 15c211 filed since August 2004. (1 as Secutrieyes and one as Medify Solutions.) I am trying to determine why file another one?
Whilst this statement is almost correct, there is a little bit of info missing.
It’s true, in the past the Company has posted a 15c211 with the pink sheets.
However, this is fundamentally different from filing the 15c211 with the NASD. Filing the 15c211 with the NASD means that the Company will be fully reporting, including complete disclosure on all share transactions.
So there are many benefits to shareholders. Posting to the pink sheets is more for general information and not a formal filing. Additionally the filing means we have been able to recruit a Market Maker Sponsor. It also gives the Company the opportunity to move to the Bulletin Boards when the time is correct and all other requirements have been met.
A 15c211 allows a non-reporting company to trade on the pink sheets. A Company may file a Form SB-2 with the SEC and then later a 15c211 to be an OTC:BB company. My assumption is that this is why we have never seen them affiliated with the SEC (10-K and Q reporting, 8/k's, Form 4's, etc.) because they had not filed a SB-2. Unless, they are also filing an SB-2 with the SEC to become an SEC reporting Company and trying to get to the OTC:BB, I do not see the reason for a 15c211.
Actually, the SB-2 is the form used to register the shares in the company so that they can be sold on an exchange. The SB-2 is only issued when the company first comes to trade on an exchange.
I hope this helps to clarify things.