Columbia Bakeries, Inc (fka CBBS)

[perseus1]

on thursday sept. 23 the house financial service
subcommittee on oversight and investigations
held a hearing entitled
'encouraging small business growth and access to capital'
chaired by rep. sue kelly [n.y.]
there were five witnesses who testified
with varying credentials of chief officer and presidents
of companies.

frank speight was one of those who testified,representing
the 'national small public company leadership council'
part of mr. speights' testimony included addressing
'rule 504' of the securities and exchange commission
and the burden of compliance for small companies

the connection to columbia bakeries is obvious
and gives reason for the non-compliance with the sec.
the de-listing from the over the counter,
thereby being listed on the pink sheets.
it was done deliberately.

it appears that mr. speights' actions or non-actions
are not only operational but political
i hope that mr. speight is successful
however what this means for columbia bakeries
remains to be seen

i agree with mr. speights methods with the exception
that it leaves investors with no information
there have been no news or press releases about
columbia bakeries and idles you only guessing
at what mr. speight thinks

the number of shares oustanding still concerns me
that is 155 million shares
i am a little surprised that considering this hearing
there has been no movement on cbbs. stock
cbbs. remains incredibly weak, twenty thousand shares
were traded about twenty dollars worth
and knocked market capitalization down forty percent
approximately 60 million dollars

i am not expecting any sec. filing soon
again i hope that mr. speight is successful
and gets rule '504 ' of the sec.
re-written to his satisfaction
thereby helping small business and columbia bakeries