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Treyb69

07/07/10 6:07 AM

#5685 RE: bliksam #5684

What oldguy is referring to is the S-1 Registration for the 2.3 million dollars raised from investors. This is completely normal for any company that does a S-1 filing. In fact, you are Registering the shares with the "SEC". Hence an SEC review. One can assume the company is in a quiet period since the filing.

Example...

http://blog.prosper.com/2008/12/05/prosper-s-1-registration-statement-filed/

IWEB is going through this period now. My broker tells me an S-1 review period is 30 days.