Hey MM. How are you hanging in there?
Onto your question:
"POWN will file a registration statement on Form 10 to become a reporting company under the Securities Exchange Act of 1934 within 120 days after the completion of the offering...POWN will use its best efforts to have it become effective within 60 days of the offering."
The offering period ends Sep. 13.
Interpreting the above, it seems reasonable to estimate becoming a reporting co. and bb stock uplisting will occur sometime during Q4, 2010. Q4 is also when the co. is expected to emerge from developmental stage to an operating co. starting with revenues from the three new comic book lines. Becoming an operating co. and stock uplisting coincide, probably by design. POWN should generate first-time project operating revenues in Q4 and will be reporting them to an eager audience. We 'Gee Whiz' investors invest on faith in Stan Lee. The next tier of investor will only invest if quarterly reports are mandatory. POWN needs this capital to fuel growth. And these investors need regular quarterly reporting and an annual report in order to invest. When a need-need relationship exists on Wall Street, things happen.
I also hope the co. schedules a telephone conference call after every report starting with the first one that permits ourselves and the Wall Street community to ask direct questions to Mgmt. and receive answers. I'm amped for hearing the responses to two or three of my own.
I will look into what additional revenue sources are expected to begin within the next six months (beyond the 3 new comic book lines). 2010 revenues may be minimal so I want to see what is shaping 2011. For now, I believe the revenue growth numbers we are seeking may occur in 2012 & 2013. 2+ year wait for a possible ten-bagger from Friday's closing $.24 cent bid? Quite possible. Especially if the 'Blaze' release remains on schedlule.
