OldTymer, I do believe what you found out from the Office of Small Business to be correct (from an operational perspective), however, I now have to stand corrected i.e retract what I said about people like Doug, Stox, et al as I now think there is an investigative arm of SEC that can flex the protocols. Here is why, courtesy of Spongeater;
"once the sec begins an investigation the paperwork flow changes significantly as do the rules and procedures. this is common not only at the SEC but at almost every US govt administrative agency as well as the civil court system. it protects both sides from public speculation but unfortunately causes more problems with the delays as you can see. i would tend to give credit to those who say it is filed but they are using the wrong word. submitted for review to the case officers and/or panel that was performing the investigation is more like it."
This makes sense a lot of sense to me as it gives the SEC some flexibility to conduct the investigation with integrity. Hence, I can now say with more confidence that the Financials could have been submitted to the SEC for review.
Spongeater, sorry about the this delayed response.......I ran out of my daily allowance and then my laptop crashed out!!!! Anyway thanks for educating me.
