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News Focus
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janice shell

03/21/19 4:15 PM

#149736 RE: Ferda #149735

Sometimes it's hard to know whether the SEC had questions or not; it's possible for the company to continue to amend its Form 10 after it's become effective.

And it's also good to remember that the Corp Fin people don't make value judgments; they don't offer opinions as to the viability of an issuer's business plan and the like. They only make sure the filing contains all the disclosure it must contain, and that that disclosure is presented in the correct form.
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1manband

03/21/19 4:17 PM

#149737 RE: Ferda #149735

Who said there were no comments from the SEC?

The SEC comments are not made public until the document goes "no further comments" or it is voluntary withdrawn or involuntarily revoked. Therefore, it can easily go automatic after 60 days, but it doesn't mean the document is clear of comments.

Most registrations take more than 60 days to clear. If the company is not able to clear all comments, the SEC will wither ask the company to voluntarily withdraw the document, or eventually involuntarily revoke it if it has gone automatically effective.
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integral

03/21/19 6:52 PM

#149749 RE: Ferda #149735

Oh my, no assets at all, no liabilities but 1 entry for a $1 million long term debt. No revenue, no expenses, and no auditor consent.

Okay, this is blatant. Do they not owe the SOS within the next 12 months? Do they not owe the T/A. Do they not owe anyone anything? They never paid a bill ever?

O holy cow.