From: Garcia Hanson [garcia.hanson@logsys.org]
Sent: Monday, May 24, 2004 5:45 AM
To: rule-comments@sec.gov
Subject: S7-19-04: 

Good morning.

 

The proposed rule will be unfairly received by our NASDAQ shell. The shell was 
an operational company that failed in the tech crash of 2001. The company failed 
in the end because it made no profits and had extortionate professional fees 
from lawyers and accountants protecting their reputation in the post 
Enron/WorldCom world. We have since introduced private money to address remedial 
filings with the intention to allow another corporation to reverse into it – 
thereby giving shareholders some stake – albeit smaller – going forward. 

 

This proposed rule could stop this strategy in its tracks and we would have 
wasted our money and have left the shell drifting into oblivion. There must be 
some allowance made for people who are sincerely trying to clean up a failed 
company.

 

Garcia J Hanson

Chief Executive Officer

Logsys 

     



 

Tel: +44 (0) 1132 454788

Mobile: +44 (0) 7710 132741

http://www.logsys.org

 



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