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loanranger

01/30/12 2:51 PM

#161905 RE: Zardiw #161890

"Because I've actually READ a letter where the sec told a company that if they didn't do what they said in a timely manner, they WOULD post the uploads/correspondence on their site"

Have you taken the time to think about that at all?
As I said and as the link I provided shows:
"Staff review of a filing may involve several rounds of comments from the staff and a similar number of responses from the filer. Upon resolution of all issues relating to a filing review, the staff advises the filer that its review is complete."
If all the issues are not resolved, the SEC sends a letter that says this:
"If you do not respond to the outstanding comments or contact us by (date), we will, consistent with our obligations under the federal securities laws, decide how we will seek to resolve material outstanding comments and complete our review of your filings and your disclosure. Among other things, we may decide to release publicly, through the agency’s EDGAR system, all correspondence, including this letter, relating to the review of your filing, consistent with the staff’s decision to release publicly comment letters and response letters relating to disclosure filings it has reviewed."

So, if you're still with me, while SEC policy is to release correspondence Upon resolution of all issues relating to a filing review(a minimum of 45 days later, actually), they advise an issuer with whom they are unable to resolve an issue that they MIGHT release all the related correspondence including the letter that threatens to do so. This would make the public aware of the filers lack of cooperation. It usually results in compliance with whatever the open issue is and no correspondence at all is released. As it did here:
http://sec.gov/Archives/edgar/data/1365160/000000000008063081/filename1.pdf
The company (in fact it was Domark) corrected the filing issues immediately and no correspondence was released.



"EVERYBODY knows that companies converse with the sec ALL THE TIME.......and RARELY is that correspondence filed on the sec site".
You seem to have trouble remembering that we are only talking about correspondence relating to filing reviews, not exchanges about stuff like, say Wells Notices. And the only time the correspondence relating to a filing review is not released is in the situation described above. You're welcome to prove me wrong with facts and citations.....stuff you read somewhere won't convince me.