SFLMaven Corporation (SFLM)

[Hi_Lo]

Found it:

The company agreed to the payment of a $25,000 civil penalty and to being ineligible to sell securities pursuant to Regulation A and Regulation D for a period of five years. In this regard, in March of this year, the Company submitted a waiver request, such that it would be able to avail itself of Regulation A and aregulation A (I think he meant D); this waiver request is still pending.

Mr. MacKay continue "Notwithstanding these inherited hurdles, we have every intention of adding shareholder value by executing on our business plans, even though obtaining the best type of financing will add complexity. We thank you for your patience, as we overcome these unexpected hurdles. We could not be more optimistic about what we are trying to accomplish and the opportunity ahead of us that are waiting to be fullfilled!"

So MacKay said the company was executing it's business plans regardless of the restriction.

We have yet to see this "execution" but I think the delay is MacKay working out the financing which because of Ladin, became more difficult.

I'm still optimistic and know this will require a lot of time and patience.