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janice shell

04/07/14 4:31 PM

#63907 RE: bytor #63906

Yes. The SEC doesn't "approve" them. The examiners don't comment on the merits of the company or its offering.

But when an S-1 is filed, it appears on Edgar. The SEC's comments and the company's responses to them don't, until about a month after effectiveness.

When it is deemed effective, a notice will appear immediately. Or at least by the next day.