Replies to post #10695 on Redwood Group International (RDWD)

[MinnieM]

That is from Feb 2006 and many mergers have taken place since.

SIVC is working with quality firms that will be able to comply if in fact, those rules exist. SIVC has auditors checking things out. Not to worry.

[snowcloud]

That article is dated 2/22/2006 and discusses what is known as the "Super 8K," which indeed is required within 4 days of the closing of an RM. However, to conclude as the article does that because the SEC enacted the Super 8K requirement that therefore "(i)t's over" for shell/reverse mergers is ridiculous. While it's true that the SEC isn't exactly enamored with shells and RMs, it's also true that it stated in June, 2005 "We recognize that companies and their professional advisors often use shell companies for many legitimate corporate structuring purposes" (Feldman, David: Reverse Mergers, p. 22).

We're going to be fine. It's just taking some time.