Platinum Research Organization, Inc.(fka PLROQ)

[Killian6]

PLRO SEC filings (23 March 07)

Here is the link:

http://www.sec.gov/cgi-bin/browse-edgar?company=platinum+research&CIK=&filenum=&State=&a...

These filings correlate to PLRO’s response in one of my earlier posts when they responded to my Q & A (14 March 07).

TOPIC: Reverse Merger

2. Why was the merger's deadline extended to 15 April? Did the merger fail to get the required vote? Was the March 1 vote negative? Will another vote be required? If the vote fails, does the company revert back to Northtech and how much will the stock be worth? Why was no press release advising stockholders of this extension?
(This is the #1 question and subsequent questions on the net)

Answer:

2. Merger deadline was extended due to the very complex nature of the transaction and related tax issues, according to legal counsel. Also, all of this information then has to be coordinated with ongoing financial disclosure and audit, which as you know is a moving target. The original 14a set a particular date for the shareholders meeting, which was of course subject to SEC approval of 14a. Apparently the SEC requested the the definitive document be updated to include more recent financial disclosure, which of course has to be coordinated with the company's ongoing disclosure requirement (ie, 10K; 10Q disclosure), as financial info from one of those disclosure items obviously cannot be disclosed into the public domain in advance of the filing itself. Again, I understand these timelines are now basically in synch, and definitive 14a is expected to be filed contemporaneous or just subsequent to ongoing disclosure filing. Once definitive is SEC approved, meeting will occur 5 days later, as per disclosure in interim 14a. All normal procedural stuff.

Everything seems to back up their response except for the time of the meeting. The 14A indicates the special meeting will be not be 5 days later but on April 12. I’m not knowledgeable when it comes to legal jargon, but I can only assume you don’t speculate when a meeting will be in an SEC filing.

It would be great if anybody can translate these filings to plain English so the readers can be abreast of the situation.