US SEC revokes registrations of 10 companies
Wed Dec 1, 2004 02:41 PM ET. LRCM is one of the 10.
The following is from raging bull.
By: Mad_Doc
03 Dec 2004, 05:09 PM EST
Msg. 6859 of 6864
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Just this morning I sent an email to Lloyd Singer, the CEO. Here is the message I sent and his reply.
I have been reading on the "Raging Bull" that somehow the shares of LRCM are no longer tradable and are now worthless. Is this true? If you are kind enough to respond to my inquiry, may I publish your response on the "Raging Bull"? Also, and I know it is asking a lot, could you give a brief summary of the business status of the company and prospects for the future of the company? Thank you very much for all you do. Sincerely, Mad Doc
Half of what you say in your query is true. Shares in LearnCom are no longer tradeable in a public market. On 12/1, the SEC revoked our registration for non-filing of K's and Q's. We didn't have the money for the accountants and lawyers needed for audits, reviews and opinions associated with public status. We're all shareholders of a private LearnCom, and I certainly hope the shares are not worthless since they're my principal chance for some kind of gain after lots of years of hard work. There is no change in share count, capitalization, operations, strategy, etc. We'll be reporting third quarter financial results and explaining all this in a shareholder letter which we'll send out next week. Share this as you see fit.
May our up days be many and the down days few.
Fada cónaigh agus brabach.
