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Re: dr_lowenstein post# 19628

Monday, 06/25/2012 12:00:32 AM

Monday, June 25, 2012 12:00:32 AM

Post# of 403289
I agree with you 100%

You said:

They did not deny the S1 because the company withdrew it when they learned they could not do the Socius deal as structured.



Now add why:


The Company believes that the withdrawal of the Registration Statement is consistent with the public interest and protection of investors, as contemplated by Rule 477.


Elite determined that the deal was no longer in their best interests and the SEC agreed.

I thank you for finally agreeing with the documentation from the SEC.
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