I've said for weeks, I hope they know what they are doing.
It's getting on towards a year since this:
"Triden Telecom Inc. Preparing Form 10 Registration to Become SEC Reporting Issuer
FRIDAY, JUNE 25, 1999 11:49 AM
- BusinessWire
bigcharts.com
Then from the Edlam release April 4/00
"In order to fully satisfy the eligibility requirements for the OTC Bulletin Board, Triden must complete and file a Form 8-K with the Securities and Exchange
Commission stating that it is assuming the reporting status of Edlam, and include with that filing audited financial statements of Triden and other financial information."
But on April 7, the SEC had this to say:
otcbb.com
"As you know, the Form 8-K filing is the seminal event in this "back door" filing procedure under the Exchange Act for the new combined
operating company. It is a particularly critical event where a formerly non-reporting company acquires a reporting "blank check" company. For
this reason, we treat these Form 8-K "back door" filings in the same way we treat Form 10 and Form 10-SB filings. We subject them to our
standards of review selection, and we may issue substantive comments on the sufficiency of the disclosures presented. Any disclosure
deficiencies in the Form 8-K may impact the informed nature of trading markets for these securities"
After that, and IMO these further complicate the filings, 8k, SB10 or whatever...April 6 the intent to form the Texas subsidiary, and then April 13 the letter of intent to acquire SUNRe, a shell going pink.
Where all that leaves the filings, and any chance to avoid a lengthy stay on this pinks, is beyond me.
I hear the company is positive about their chances, but what company wouldn't be? I also hear the SEC is not as tough about the 8K back door as they'd like us to believe...how true that is, I have no idea. |
