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Re: Ceteksevenmillion post# 3165

Sunday, 04/24/2005 6:18:01 PM

Sunday, April 24, 2005 6:18:01 PM

Post# of 36790
If I understand the process, getting listed on the OTC will require a submission of audited records, I believe for the last three years, to the SEC along with other business disclosures. I believe the SEC has 45 days to ask questions, etc. if nothing is asked, the registration is approved. It is unusual for no questions to be asked, more likely there will be one or more rounds of questions. I say rounds, as every time a question is answered, the SEC has another 45 days to accept, or ask another question. I've been involved with another company which recently got listed after spending over a year in the process.

The good news is that when the company submits the information to the SEC, it becomes part of the public record. Once they apply, we won't have to guess any more about revenue, expenses, etc. they should all be spelled out.

The bad news is that during the registration process, most companies adhere stictly to a Quiet Period that can be found in SEC guidance. If it's anything like the other company, we won't hear a thing from the company until after the registration is effective, but we should see quarterly filings with the SEC.

In that CTKH has been in business longer, and was previously off the Pinks, I would hope its registration will happen rapidly, but don't bet on it, dealing with the SEC isn't an easy task.

Gary