InCapta Inc (INCT)

[bigpimpin]

The SEC starts reviewing financials after they are filed. The review process is similar to the IRS audit process. A few high risk clients are selected for full review others are reviewed quickly. The SEC will not spend much time on the OTC unless there is gross negligence. The review of 10-Ks takes at least three months as I would not hear comments back from the SEC until July or August. The SEC will contact the auditors and the company and have them respond to comments regarding disclosure or handling of accounting policies. If the companies response makes sense the SEC might not pursue. This process can last a year if the company has good auditors and lawyers protecting the accounting transactions.

Therefore, if they do review the 10-K it will not be until July (at the earliest)before we hear something. We could here something sooner if someone rats to the SEC regarding business practices and fair disclosure.