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Thursday, 04/19/2012 1:32:01 AM

Thursday, April 19, 2012 1:32:01 AM

Post# of 12606
I have posted this before, it's from a previous CEYY 8K filing, but I think it really applies here with the missed dates for the lastest federal filing. It gives some insight as to the capabilities of Fresh Starts management team. It could also give some clues as to why expansion, PR and stock performance hasn't moved the way all us investors had hoped.

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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