Tuesday, January 05, 2010 12:41:52 AM
It is very important to us that the Company maintains its fully reporting status since its reporting status was a major benefit of acquiring Aeon for our development plans as well as its tight structure versus the current status of Green Star.
Since filing in Canada is not an area of expertise we did not think we had a continued obligation to file reports with the BC Securities Exchange since we did not have any business or our offices out of the USA. After discovering that the Company was obligated to report for an additional 12 months to the BC Securities Exchange despite the changes, management realized that our auditing and filing plans could not be executed in enough time to meet their requirements to avoid any negative outcomes. Due to this the BC Securities Exchange filed a cease trade order until the filings have been brought current. This only directly affects trading in British Columbia and some accounts in Canada but does not restrict any other trading of Aeon Holdings, Inc. or AEOH.
Currently our estimates for completion of these filings both with the SEC and the BCSE put us near the end of January. We will keep you posted as these developments are made.
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