Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : Computerized Thermal Imaging CIO (formerly COII) -- Ignore unavailable to you. Want to Upgrade?

To: Boquacious who wrote (4905)	7/5/2000 5:23:58 PM
From: Q.	Read Replies (2) \| Respond to of 6039

The prospectus on form SB-2 is not effective when it is filed. The SEC will review it, on a time scale of a couple of weeks. It could either deem it effective then, or more likely send back comments to the co. that require the co. to file an amended prospectus on form SB-2/a. The latter step might happen several times, depending on how good the company's lawyers are, in preparing the prospectus. I don't know why the prospectus was also filed on a form 424, for a shelf registration, a few days later. But I don't think that changes anything re. the SEC review process. I'm 99% sure the registration is not yet effective. It won't be for a least a few weeks, and possibly a couple of months. In this review process, I don't think that the SEC usually undertakes a forensic examination for any wrongdoing by management. The review just makes sure that all the required info is included in the format that is required. Eventually the SEC will deem the registration effective, and that is not equivalent to saying that the SEC has somehow blessed the stock.