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Cassandra

10/29/11 9:18 PM

#17282 RE: iblong2 #17252

If and when FINRA and the SEC are satisfied, will you be?

It seems you misunderstand or have been misinformed about the process that would have to occur if ANWM were to achieve the unlikely event of returning to trading via Pink Sheets without restrictions from the DTCC.

First of all, the SEC has no role in the process, therefore there is nothing that needs to be submitted to the SEC for "satisfaction" as you seem to suggest.


The process to become quoted or re-quoted via Pink Quote (Pink Sheets) is two-fold:

1. A market maker would have to submit a Form 211 to FINRA in which they are responsible for assuring that they have sufficient reason to believe that the facts stated in the form are accurate.

2. FINRA would have to approve the Form 211 to allow the MM to begin quoting the stock. Apparently this can be a lengthy process involving multiple back and forth Q/A documents. Stocks that have been previously suspended by the SEC are likely to undergo more stringent review,

The SEC is not involved in this process at all, a fact of which you appear to not be aware.

Why do you believe that there is some kind of satisfaction the SEC might be expected to deliver?
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greedy__malone

10/31/11 7:48 AM

#17303 RE: iblong2 #17252

iblong that is a crazy questions because as of right now i see nothing done that would even suggest this company will ever come off the greys let alone satisfy FINRA.

Your question is like asking me if I think a random infant will grow up to be President. The odds are pretty much the same.

Retaining an attorney really doesn't mean anything, every single public compny in existence should have a corporate attorney on retainer. The fact that everything up to now has taken place without one is rather disturbing if you ask me.

How did they expect to do an acquisition without one? How about all the decisions they were making about voting out a CEO, replacing him with a puppet, making outlandish statements on public message boards etc...They should have had some kind of legal assistance from the start and then they may not have been suspended.

However, the flip side of that is they probably wouldn't hae been pumping this dung pile with information that simply wouldn't fly when put to the test by the SEC.

Face it, the SEC did their job here and how would anybody expect a company who wasn't being straight forward with you before to be straight forward wiuth you now?

Oh, wait you are a member of SCG so talking in circles and making outlandish, unverifiable comments is the name of the game. Carry on then.