Replies to post #156180 on DD Support Board and Research Team

[TenKay]

A Form 10 automatically goes effective after 60 days. I see no correspondence uploaded yet to reflect the SEC comments. But I also see they closed an acquisition in April and have yet to file 2 years audited financials and the proforma financials since they are acquiring the company KB as a whole which would have been required under Reg S-X after 75 days which would have been sometime in July at the latest.

If this was a play for KB to go public using the SOLI shell...they ain’t doing it right...and that might be the issue with the 211.

And where on earth did the $1 million come from for the acquisition? Soli has little cash.

Something is very fishy. No surprise now that a 211 has been sponsored.

[1manband]

A Form 10 can go effective automatically due to time, but that doesn't mean it has cleared all the SEC comments. It may still be under review by Corporate Finance, and there is no guarantee that it will clear all the SEC comments. If the SEC Staff determines that the Form 10 will not clear, it will "suggest" the company withdraw the Form 10 and try again.

[integral]

There is no such thing as "accepted", if it is submitted it goes through a review and ends up with a "no comment review". There are two reviewers, last I knew and B/Ds have to not only fill out the Form but provide support, just like an audit. And if the reviewers find support is lacking, they will call, and call and call, and not tomorrow, but nine days later. After they are satisfied, they sent it to a supervisory committee, which they can kick it back, and then request additional support and call 9 days later, and it your accountant and attorney 9 days to send it to the B/D, wash rinse and repeat.

You gotta be on your tippy toes to get this fast tract.

Whomever was rattling that this can be done in 3 days and has been doing this for 20 years is a clown. I highly doubt he/she has ever been to the listing committee at the NYSE, NASDAQ, nor the AMEX. Prolly never even walked by the old AMEX building ever which was at Trinity and Rector behind Trinity Church. Always said hello to Alexander Hamilton in the cemetery while walking up the slope from the R train on Rector.

Three days? SMH.