interaction with SEC is par for the course at this level
as a matter of fact back and forth discussion occurs with regular frequency <could be daily .. could be weekly> between corp counsel/AF/and select mgmt when a co. is going thru the process of uplisting .. <again my *awareness* is the ipo route> but it's also in place when a co. transitions off of pk to what was OTC BB or then transitions out of OTC to NAZ .. et al
imo that is exactly what WSB was all about .. material weaknesses and internal controls *related* to the co.s prior AF .. that officials at the NAZ would have picked off with a pea shooter .. this is SOP .. there are 10 yr old NAZ based co.s still working on internal controls and material weaknesses .. it's always a work in progress
that was why those who know the *process* knew to *sell* and/or *short* shares of JBII when the 8K came out on WSB ah's on MAY 14th 2010 .. of course there was no stampede by investors in JBI to sell .. as evidenced by 6 days of trading data <less than 800k in volume to take the co.s pps from 5.00 to 1.60> and that was the double edged sword certain entities are still *dealing with* today ~
Really??? You are very much aware that companies and the SEC converse all the time over various filings, etc....Why would you say it happens almost 'never'.......That's completely untrue.......z