Thursday, January 01, 2009 12:51:40 PM
"2) In my further opinion, although "business as usual" press releases, and company communications are allowed during this process, the SEC imposed "quiet period" specifically frowns upon unusual, or as is stated in the SEC document that explains this process (attached for your review and convenience), "gun-jumping," which essentially is "conditioning the market for the issuers’ securities to be sold in a registered offering." In laymen's terms, IF we were to engage in any historically unusual, and/or immaterial communications as suggested in the attached, it may significantly increase the possibility that the registration could TAKE MORE TIME because of any resulting, and in this case preventable, SEC action. I know that everyone would not want that. I also believe we have a fiduciary responsibility to execute and perform this and all company activities for the best interest of all of our shareholders."
w/r
Pmker
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