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Tuesday, 01/17/2012 4:55:02 PM

Tuesday, January 17, 2012 4:55:02 PM

Post# of 12606
All us investors are waiting to hear good words from CEYY and in the past have accused management of being crooks, dishonest and whatever for their lack of response and commuications. But if you look at the last 8k filings it sums up what level of management we have running this company. In the past I have expressed my opinions about them many times on this board stating their business inexperience is holding them back. They themselves have made the statement in the last 8K filings about their own abilities and experience. So when your impatience is wearing thin remember what management has said about themselves and why information is slow coming. Taken from latest 8K:

Our management team lacks public company experience, which could impair our ability to comply with legal and regulatory requirements such as those imposed by Sarbanes-Oxley Act of 2002. Our senior management has little experience in managing a publicly traded company. Such responsibilities include complying with federal securities laws and making required disclosures on a timely basis. Our senior management may not be able to implement programs and policies in an effective and timely manner that adequately respond to such increased legal, regulatory compliance and reporting requirements, including the establishing and maintaining of internal controls over financial reporting. Any such deficiencies, weaknesses or lack of compliance could have a materially adverse effect on our ability to comply with the reporting requirements of the Securities Exchange Act of 1934 which is necessary to maintain our public company status. If we were to fail to fulfill those obligations, our ability to continue as a U.S. public company would be in jeopardy in which event you could lose your entire investment in our company.


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