Dear Mr. :
Thank you for contacting the SEC.
The Securities Act of 1933 provides that a registration statement may go effective twenty days after filing. In all but rare cases, companies prefer to delay the 20-day period in order to receive comments from the staff. If the staff decides to review a filing, comments are generally provided within an average of 30 days. Comments, which are issued on almost all of the registration statements that are reviewed, may relate to administrative or substantive disclosure matters or a combination of both. There is no time limit in which companies may respond to the comments. If the issuer files an amendment to the registration statement that has been reviewed by the staff, the staff will also review and comment on the amendment. The company generally waits until all staff comments are resolved prior to requesting effectiveness.
If the filing is not reviewed, the timing of effectiveness is left to the company.
I hope this information is helpful.
Sincerely,
Steven G. Johnston
Special Counsel
U.S. Securities and Exchange Commission
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QUESTION
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Submitted: 2008-06-23
INVESTOR INFORMATION
Name: Mr.
Day Phone:
Email:
QUESTION
I am concern about the last global recourse corp (GBRC) s-1 filing which has the mobilestream oil inc. (MSRM) registration because I am holding (MSRM) stock since the end of 2005 and I am waiting my stock to be registered. My question, Is there any time frame to clear this registration?
Because When I ask the company, they saying for me the all situation is in the SEC hand, we do not have any thing.
