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Walker

11/30/09 11:37 AM

#11419 RE: gmcgm #11418

Yes - when?????????????????
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jerseyboy

11/30/09 5:09 PM

#11420 RE: gmcgm #11418

There's no way for anyone to accurately estimate that at this point, as there are too many steps involved. If we go the 15(c)211 route, the following has to happen:

1.) I need to complete the basic third quarter statements.
2.) The accountant has to complete the third quarter footnotes and closing entries to generate the final financial statements.
3.) Legal counsel has to incorporate the financials in with the legal verbiage to complete the 15(c)211.
4.) A market maker has to be engaged to file the 15(c)211.
5.) The appropriate regulatory body (either the SEC or the FINRA, I'm not sure which) has to review the filing, and most likely will come up with questions which need to be responded to by the company.
6.) The company needs to formulate its responses, and legal counsel needs to reply to the regulatory body.
7.) The regulatory body has to review the responses.

If there are no further questions by the regulatory body, the company can then resume trading. Anyone who says he/she can predict how long those seven steps will take to achieve is just kidding him/herself.