n/m, I guess I was wrong. Here was the arrangement according to the 10-sb:
"The agreement also has requirements of the Company that have potential liquidating damages, which include the requirement to
register the stock. If the Company fails to file a registration statement and have it declared effective during the Effectiveness Date
period, as defined, the Company could be subject to a penalty of up to 2% of the holders initial investments per month to a maximum
of 20%. The Effectiveness Date is defined as the earlier of the ninetieth (90th) day following the filing date of such Registration
Statement or 120 days if the Registration Statement is to receive a full review. The Company has filed a registration statement on
Form 10-SB within the 90 day requirement. Since the Company filed Form 10-SB within the ninety (90) days of the purchase,
management believes that this requirement has been met and that no liquidating changes will be incurred. As a consequence of filing
the form 10-SB, the Company became a reporting company under the Securities Exchange Act of 1934, as amended on June 19,
2007. The Company is still in the process of responding to additional comments from the SEC."
On another note, they better uplist fast, because there's more penalties on the company's warrants the more months go by & they fail to do so. I take that as a good thing that the company would enter into such an arrangement.... but a bad thing that they're taking so long. =P
News 
Market Data 
Discover 
