Replies to post #32662 on Green Oasis (GRNO)

[loanranger]

rk,
I can't verify that they don't have to go back to 1997 for the quarterlies (10Q's), but I'm quite sure that's the case. They just need a year or maybe two worth of 10Q's so they have comparison numbers for the current 2011 periods, should they ever get filed.
But the SEC is requiring that they go back to 1997 for the annual reports (10K's), so the problem that you are concerned with still applies.
Here's what the SEC wants:
"In order to bring your filings current, please file your Form 10-Ks for the years 1997 through 2009, including audited financial statements as soon as possible."
I can link it if you need me to.


"I've been through it before, but don't remember where I ended up regarding the quarterlies. They absolutely AREN'T required for every year since 1997."

[deitcher]

In December GRNO issued an 8K which instigated a long letter from Heather Clark, staff accountant at the Securities and Exchange Commission. Part of the letter stated

6. We note that the company has not filed annual reports on Form 10-K since the year ended December 31, 1996. In order to bring your filings current, please file your Form 10-Ks for the years 1997 through 2009, including audited financial statements as soon as possible.

http://www.sec.gov/Archives/edgar/data/914257/000000000010072490/filename1.pdf

When Paula talked to IR on March 23, it looked like the auditing process hadn't even started yet despite the statement January 26 that said

We remain focused on providing transparency to our investors; which includes providing up to date, audited financials," stated President/CEO Peter Margiotta. "We remain confident as a fully reporting company in releasing our 2010 10-K on time with the Securities Exchange Commission.

The requirement that GRNO must provide 10Ks for the Carraway years has always been one of the issues that concerned me the most because I saw GRNO caught between a rock and a hard place. The SEC demands what is not available and which must be obtained from Carraway who is far from being the sharpest knife in the drawer.

One by one we are losing all confidence in this process despite previous announcements of a glorious future for the company. "Followers" had been well over 500 and are now 373, dropping day by day. They are reduced to throwing us a bone such as the announcement that they ordered a part! What we need is information of substantial progress which doesn't seem to be happening. Sharon D. Mitchell seems to have instituted a new culture which is that if they can't say anything that is both good and correct, say nothing at all.