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Re: moax post# 47051

Thursday, 01/05/2012 10:15:09 PM

Thursday, January 05, 2012 10:15:09 PM

Post# of 113927
Let me tell you the story on that. After the extra authorized shares were voted on, the company could not use those shares until the SEC gave clearance. As such, clearance took seven weeks and wasn't fully approved until December 23. Therefore, money could not be raised for the $20,000 needed for the AOAC. Certs cost $10,000 each. Next week, however, the process will begin and then a wait of 6 to 12 weeks.