Replies to post #3680 on cMoney Inc (CMEY)

[WebCrawler]

Well since they filed the form 15 they ensure that they don't get deregister and allows them to continue trading. I would imagine that since they have made a PR announcing a product release in the first quarter of next year which is a way to hold themselves accountable and try to make that deadline. As far as planning goes again IMHO looking at the big picture they have less than six months to release of product launch. With that being said... They just got the 2 million to finalize the acquisition of the core application needed for the product launch and pay for the auditors and lawyers needed for the S-1. Typically the S-1 approval takes 2-3 months for approval. They are going to need the S-1 approval to get additional funding needed for the launch as stared in a previous Information releases. So with all the information previously provided I would speculate that they would be paying for the software, auditors and law firm all this month to get the ball rolling and submit the S-1 with the SEC by the end of month to get SEC approval by the end of the year in order to meet their personally set deadline for product release. Again this is all in my own opinion and speculation.

Anyone else's input is always greatly appreciated.

[WebCrawler]

Additionally, if you look at the rules below in which form 15 was filled for that would give you a better idea of breathing room needed and the 90 days calculates to end on Nov 5th. I think that falls right in line with my previous speculated timeline. On the form 15 they annotated as Rule 12g-4(a)(1)

Rule 12g-4 -- Certifications of Termination of Registration Under Section 12(g)

(a)Termination of registration of a class of securities under section 12(g) of the Act shall take effect 90 days, or such shorter period as the Commission may determine, after the issuer certifies to the Commission on Form 15 (17 CFR 249.323) that the class of securities is held of record by:

(1) Less than 300 persons; or

If I am wrong in anyway of what I am interpretation please feel free to help me and others better understand the process. Thank you in advance!

As always to everyone... Happy trading and good luck to all... GO CMEY !!!