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To: Jetter who wrote (13893)	6/17/1998 11:36:00 PM
From: Gary Jacobs	Respond to of 50264

yeah, actually i thought this would have started two days ago, but regardless, it was expected! they really don't want the form 10SB filing to occur so when it does, they're time will be up. cheers! gary

To: Jetter who wrote (13893)	6/17/1998 11:54:00 PM
From: ANALYST10	Read Replies (2) \| Respond to of 50264

Number 5: The company filed a Form 10SB with the SEC in 1996. For those of you who do not know what a Form 10SB is, let me educate you. Well the company has said that they are applying for NASDAQ. Well unfortunately that would be impossible. Because in order to get on an exchange a company must be a fully reporting company under the Securities Act. This is known as a 12g company. In order to become a 12g company you must submit a Form 10SB to the SEC who reviews your submission and comments on your disclosure. The whole purpose of the 10SB is to disclose to the public the entire picture. The SEC in protecting the investors reviews the 10 SB for accuracy and disclosure and comments on them to the company. The company may not apply to the exchange until the SEC passes on the Form 10SB. After filing your 10SB the SEC responds within 40 days. At which time you must respond to their comments. Well in 1986, the company filed a 10SB received comments from the SEC shortly thereafter and was unable to respond to the SEC's queries. Hmm, does it make you wonder yet. Investing $1 to $3 million when they don't have the money. Now getting a listing on NASDAQ when they are not even a fully reporting company and have not even yet filed anything (which if they did could be viewed on EDGAR). Are we getting through to anybody yet. The first big problem the SEC has is that the financials are an abortion. The intercompany notes receivable, the exchanges of stock, the valuation of the assets in a stock swap. The list goes on. This company will never see an exchange. Oh by the way, I think you can see I kind of do this for a living. And if anybody doubts any of my postings do your own homework, which I strongly suggest. Its all in Black and White, there is no hype, so do not listen to me or anybody else. The first rule of investing is before you invest do your homework. I do it everyday for a living. Somebody asked me to research this company for them and this is what I found. I did not listen to promoters or insiders hyping the stock, I did my homework and relied on factual documentation.