Locan, Inc. (fka LOCN)

[Cougar_Trader]

GM LOCN Longs! Wow! I missed a gazillion posts! You guys are rocking this issue.

Let's look at the just the practical side of this for a moment. Who in their right mind spends this kind of cash to bring a shell current and then just leaves it empty? I worked as a paralegal for an SEC Attorney for many years before I started my software company. I can tell you with certainty that just to maintain status on the OTCBB requires at least 50K per year for the audits (10Q/10K). That is not doing anything else and I hear now that the 10K may be 50K by itself.

Most reputable SEC Attorneys make anywhere from $500 to $1000 per hour for their time and they get it. If this had been a company that sold its assets and was just an OTCBB Shell, then maybe we are barking up the wrong tree. But the reverse has happened here. This went from a non-reporting pink to a full blown reporting OTCBB. Most seasoned traders/investors know quite well what that means.

Ally