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Re: zsvq1p post# 41521

Saturday, 05/05/2007 10:38:39 AM

Saturday, May 05, 2007 10:38:39 AM

Post# of 63795
The SEC has nothing to do with this. They have naver seen anything from USSE. When you talk to the SEC about any pink sheet companies, they say they exercise no governing oversight -- only enforcement. When any pinkies say they were held up by the SEC, they're blowing smoke. They may have been held up because their lawyer told them to stop or go to jail, but you don't "run things by the SEC".

They never "approve" or pre-approve anything; they only enforce after the fact. Nobody ever gets pre-authorized for anything from the SEC. Your SEC lawyers submit the proper reports and, if there is a "question", the SEC jumps into your ####. If you report at all, of course.

An exception is mergers. The SEC doesn't approve or disapprove mergers, they only oversee the paperwork. However, other government agencies may have to green-light before a merger can happen.