OKAY...I am PISSED NOW!!! Just spent TOO much time on the phone with the ###### at OTCBB and the NASD OTCBB Compliance division. UNBELIEVABLE!!!
I tried to get them to tell me specifically what the filing problem was, they would bring up an issue and I would show them where they were wrong (we were both looking at the EDGAR filings at the same time): (paraphrased, a work of fiction officially but not far off from reality)
NASD: Lets look at the latest 10QSB-A....do you see any financials there....I can't find them....that is why we gave them an E...they gotta have financials.
Jor: Let me look here....they always put them way at the end....here it is.....Statement of cash flow.....they are all at the end.
NASD: Oh.....okay...well.....they filed an 8K saying their accountant resigned. Now they don't have an accountant. That's a red flag and that is why we put the E on.
Jor: But right here below that in that same 8K is the note that they hired a new accountant effective the very next day. They do have an accountant.
NASD: Yeah...but they got no 10Q on file for the second quarter...just one for the first quarter...they need to get that filed.
Jor: As I understand it they elected to change from fiscal to calendar year in June and pursuant to your own Rule 13(a)10 they don't have to file until August 15.
NASD: But they needed to file an 8K showing that they changed from fiscal to calendar year....where is it....there are only two 8K's here and neither of them show that.
Jor: Oh.....well you are right. I could have sworn I saw it somewhere in the filings. Thank you for your time.
Then DUMBASS me remembered I didn't refer to the filings under BETT...and there was the missing 8K...done at the time of the merger and switch to Nevada. I called the ##### back...
NASD: Hi.....what can I do for you?
Jor: Well I found the missing 8K....it is under Betting, Inc. BETT which is what the company was under prior to June 1999. Take a look, it has the change over info and the change from fiscal to calendar year.
NASD: Well....its 3:40 pm on a Friday...we are not going to get this fixed today....they just need to get their filing in and that will take care of it.....its like a cold...you can't make it go away....it just takes care of itself.
Jor: (Realizing my stupidity for even trying and that I NEVER got a straight answer on what the filing problem was and never would) Okay...well I am sorry to bother you, I just wanted to verify what the company was telling me so I could be sure I was not confused, they were not confused and that I wasn't getting scammed here. Have a nice weekend. (DUMBASS....which I did not say but wanted to)
This is impossible. They are supreme and we can't make them do anything or commit to even what the problem is. Tom has a real battle on his hands....the proverbial tar baby...they more you struggle the more you get stuck.
Let's try this for fun. Take a moment to support your company and to abuse these idiots...Call 301-208-2802 and ask to talk to a compliance officer about what specifically ECNC is lacking in SEC filing that prompted and justifies the E. TIME TO PULL TOGETHER AND ASSERT OURSELVES THREAD. We CAN make them regret this mistake and how they are handling it. GIVE EM HELL!!!! Be polite but assertive.
Report your experiences back here. We will either have some more fun stories....get something done...make them so tired of us they drop the E just to make us go away...or change their number.
Here is the filing showing the change to calendar year....
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): June 1, 1999
eCONNECT
(Previously known as Betting, Inc.)
(Exact name of registrant as specified in its charter)
Nevada
(State or jurisdiction of incorporation
or organization)
33-68570 .
(Commission File Number
43-1239043 .
(I.R.S. Employer Identification Number
31310 Eaglehaven Center,
Suite 10,
Rancho Palos Verdes, California 90275
(Address of principal executive offices) (Zip Code)
Registrants telephone number: (310) 541-4393
Betting, Inc.
(Former name or former address, if changed since last report)
ITEM 5. OTHER EVENTS.
On May 17, 1999, an Agreement and Plan of Merger between
Betting, Inc., a Missouri corporation, into Betting, Inc., a Nevada
corporation, was executed by an authorized signatory of each
company. At a duly called meeting of shareholders on May 21, 1999,
the merger of the two companies was approved by a majority of the
shareholders appearing in person or by proxy. On June 1, 1999,
Articles of Merger were filed with the Nevada Secretary of State,
which formally resulted in the redomicile of the registrant to the
State of Nevada.
On June 2, 1999, pursuant to a resolution of the Board of
Directors of the registrant, dated May 28, 1999, a Certificate of
Amendment of Amendment to Articles of Incorporation was filed with
the Nevada Secretary of State changing the name of the registrant to
eConnect.
ITEM 8. CHANGE IN FISCAL YEAR.
The fiscal year of the registrant changed upon the redomicile
to the State of Nevada on June 1, 1999. The new fiscal year end will
be December 31. The report covering the transition period (September
1, 1998 to December 31, 1998) will be filed on Form 10-KSB within 90
days from the date of change.
GO THREAD!!! |
