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Re: shortinterest post# 304

Friday, 06/20/2008 12:07:02 PM

Friday, June 20, 2008 12:07:02 PM

Post# of 791
Based on my experience, management continuity is not the issue. It relates directly to disclosure. Unless the company is specifically exempt from filing statements ie; de-registration of its shares, once the action is taken, I was told directly that the only way trading can resume is with the filing of a Form 10. Furthermore, I was also informed that the only way that option can remain available is if the authorized officer of the corporation (as confirmed by the SEC) executes an "Offer of Settlement" with the SEC (which I did). Even though I was recognized by the State of Delaware as authorized, the Senior Counsel actually confirmed the validity of my proxies. These things will have to be buttoned down far more than in the past. Hope this helps.