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Re: eye_ater post# 1641

Monday, 01/23/2006 10:03:08 AM

Monday, January 23, 2006 10:03:08 AM

Post# of 8996
We submited the form 15c2-11 on 9/20/2005. Usually it takes 4 months from the filing to be accepted. What basicly has to happen is a market maker needs to file forms with the sec and do extensive research on the company in order to justify making a market on the stock. All inquiries from the sec investigation have to be satisfied first then once one market maker decides to sponser the stock of the company, then we will be back on the pinks or with nasdaq approval we will be uplisted to the otcbb. I would be happy just to get back to the pinks first, however in the recent CEO interviw James Mackay stated that they were shooting to get back on the otcbb. So my guess is 4 months would take us to January 20th. I expect an up listing any day now. The company also stated that they were close to completing the unaudited financials, we need them finished and submitted to the sec in order to be uplisted. Since we are past January 20th, I would assume that the only thing holding us back right now is the completed financials.