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Re: Hardwood post# 56156

Wednesday, 10/14/2009 6:18:23 AM

Wednesday, October 14, 2009 6:18:23 AM

Post# of 111729
The facts are this, you are talking about a non reporting company establishing correspondence with the SEC. If this were a reporting company this would be a much more fluid process because they would already have an established reporting in which the SEC could just check their “file” and complete the investigation. In this case it is much like an initial background check to find facts to support this is a legitimate business and that what they are reporting is real. Just like any Government agency the SEC has many applications going on and it can take months to assign someone to investigate the company. It can easily take 3 months to complete an investigation into the company depending on its size and ease of getting information.

If you have ever looked at a 10K or at least at the three major reports a business generates you would know all of this financial information must be confirmed in order to establish what is being reported is true. The great thing about this whole S-1 filing is this, there will be no question as to whether dilution has occurred. The whole mystery about shares that some people keep throwing around is cut and dry. In my own opinion I do not think this will take all that long because of the small amount of revenue currently, it will be mainly about assets and liabilities the company currently has. Even that is not much considering BEHL does not own the building in which it is currently operating from, so you are talking mostly equipment and inventory.