Accredited Business Consolidators Corp (fka ACDU)

[CEC 2000]

Below is from the Q/A



http://www.sec.gov/answers/form345.htm

The initial filing is on Form 3. An insider of an issuer that is registering equity securities for the first time under Section 12 of the Exchange Act must file this Form no later than the effective date of the registration statement. If the issuer is already registered under Section 12, the insider must file a Form 3 within ten days of becoming an officer, director, or beneficial owner.

Changes in ownership are reported on Form 4 and must be reported to the SEC within two business days. You can find the limited categories of transactions not subject to the two-day reporting requirement in the new rule.

I'm reading as if it pertains to new shares issued as well. Could be wrong. Oh well, back to lurking.......best of wishes for those holding this stock!