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To: Freddie Forte who wrote (24777)10/14/1998 8:12:00 PM
From: Leroyt  Read Replies (3) | Respond to of 27968
 
Freddie, As I understand, becoming a reporting company entails substantial legal expenses. I think they should focus on giving shareholders accurate information and getting the company running.

I personally think they should work on becoming reporting in 1999.

Why don't you talk to Randy and ask him yourself.

later, leroyt



To: Freddie Forte who wrote (24777)10/16/1998 4:40:00 AM
From: Lurker  Read Replies (2) | Respond to of 27968
 
<<Randy's honesty is appreciated here, but, WHY can't they file with the SEC?>>

They can. They just don't want to. Note:

newsday.com

"and their registration statements would no longer be subject to review by the agency's attorneys and accountants."

If they send the financials to the SEC, they cannot easily lie.

<<What criteria or requirement can't they meet?>>

Honesty

Lurker