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jerseyboy

05/02/10 12:29 PM

#11719 RE: doubleeagle #11717

The first quarter hasn't been done yet, but the real value of these statements are that they will enable the company to proceed with its prospective combination with a fully-reporting and trading shell, which is a much faster way to get back to trading than trying to get totally caught up on the requisite filings, which frankly would be almost impossible. The best alternative, if this combination for some reason isn't consummated, would be to try to strike a deal with the regulatory agencies to file only a certain number of years of statements to get current, which now that we will have 2007 through 2009's audited statements once they have been completed would hopefully be a possibility.