STRU filed an amended 10-12G/A Yesterday in response to a second round of questions from the SEC. No, they did not withdraw the previous. This is an amended filing. They did not withdraw anything.
Below are examples of the difference between the Oct,25th filing and the Nov, 20th filing.
I did not go all the thru the filing, but it certainly seem to me that the questions are of no MAJOR issue which means STRU is getting closer to being relisted back on the OTC:BB. This is MHO.
Regular type is me.
Underlined type is the filing from Oct, 25th.
Bold type is the filing from Nov, 20th.
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SI-10-12G/a-10-25-2000 Page 5 Para(1)
The aggregate amount of the purchase price was $5,000,000, of which
$1,000,000 was paid in cash and the balance payable in the Registrant's common
stock, the final number of which shares will be determined based on the market
value of the Company's common shares at the dates payable as follows: $250,000
due at closing; $750,000 due January 1, 2000; $1,000,000 due May2, 2000;
$1,000,000 due November 2, 2000 and $1,000,000 due May 2, 2001.
SI-10-12G/a-11-20-2000 Page 5 Para(1)
The aggregate amount of the purchase price was $5,000,000, of which
$1,000,000 was paid in cash, 2,220,000 shares of common stock at closing valued
at $250,000 and 6,660,000 shares of common stock valued at $750,000 due on
January 1, 2000 (based on the fair value of the common stock as of the date of
the agreement). The balance of $3,000,000 payable in the Registrant's common
stock, the final number of which shares will be determined based on the market
value of the Company's common shares at the dates payable as follows: $1,000,000
due May 2, 2000; $1,000,000 due November 2, 2000 and $1,000,000 due May 2, 2001.
The above deals with the acquistion of LSG.
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SI-10-12G/a-10-25-2000 Page F-14
(1) The Company would have had to issue approximately 7,653,000 shares of common stock using the trading price of $.49 per share as of December 31, 1999 in order to settle the obligation to Brent Legred.
SI-10-12G/a-11-20-2000 Page F-14
(1)The Company would have had to issue approximately 6,122,449 shares of common stock using the trading price of $.49 per share as of December 31, 1999 in order to settle the remaining obligation to Brent Legred in addition to the 6,660,000 shares of common stock due on January 1, 2000 valued at the $.1126 per share fair value as of the date of acquisition on November 2, 1999.
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SI-10-12G/a-11-20-2000 Page F-22
NOTE L - PRO FORMA FINANCIAL INFORMATION - (UNAUDITED) - CONTINUED
This was added at the top of page F-22,F-23 which was not in the last filing.
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SI-10-12G/a-11-20-2000 Page F-28
There was no impact from the restatement on the loss per common share on both a
basic and fully diluted basis in terms of whole cents due the the large number
of shares outstanding.
This was added after NOTE: (M)
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After comparing over 60 pages, I find the corrections VERY MINOR in nature.
If this is all the SEC has to complain about, seems to me they are looking mighty hard to find fault and have not found any substance to complain about.
IN MY HUMBLE OPINION - R E L I S T I N G IS NEXT.
Cheers
Voluntary Disclosure: Strong Buy : Long and Short Term
