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sleepthief

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sleepthief

Re: Redlegs post# 2634

Wednesday, 06/22/2011 1:07:45 PM

Wednesday, June 22, 2011 1:07:45 PM

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(a) The significant costs associated with regulatory compliance impose a burden that the Company cannot bear given its current financial position. In addition, the current benefits of being a public company is outweighed by the financial burdens imposed by such status; and

(b) The shares of the company are currently held by less than 300 record holders and are thinly traded.

Upon removal of listing, the Company shall cease to file reports with the Security and Exchange Commission.

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