Jon - the AI information was sent out to keep us up to date, it doesn't tell us anything about where trading stands, because its not allowed to.
The Sitra CEO announcement and this Tampa info are things that will be included in the amended SB-2. The amended SB-2 is basically AI's response to the SEC's comments about the first SB-2. The SB-2 will show up on Edgar, just like the last one, the second the SEC receives it. It obviously has not yet been submitted, and my feeling is that it could take a little while longer to get everything signed off by the legal folks. Remember the first SB-2 took ~ a month longer than originally expected, the legalize can be a pain. The focus of the silent period is AI's response to the SEC comments (in the SB-2), general company info can still be released, just no info on the SEC stuff.
My understanding is that once the amended SB-2 is filed, the MMs can go back to the NASD and ask to trade. NASD will go to the SEC to make sure this is o.k., and things could happen right away. Delays are always possible, so far the SEC has not been able to give AI a simple answer regarding the exact course of actions that need to be taken, and 3 AI attorneys don't have the same opinion about what will take place. Still some uncertainty, but the selling has really tapered off lately.
The good news is that even if it takes a little while longer, it does look like we could see some unaudited AI 1Q numbers before trading begins. I assume it shouldn't be too hard to put those together for an e-commerce company. In fact, maybe they plan to include those in the SB-2.
Anyway Jon, I think you got back at the right time, a little more patience will pay off. How 'bout this market, I was convinced the inuts would be dead by March, yet the rally keeps going. I am totally amazed. |
