In regards to the Securities and Exchange Commission (“SEC”) issues as it relates to timing for going public the differences between using an OTCBB shell (the back door) versus filing a registration statement with the SEC your (the front door) are numerous. Going public via an S1 or Form 10 registration statement does allow the company to better understand the entire SEC process and get acclimated to their rules and procedures. However it does consume a great deal of the officers and directors time. The CEO and CFO will have to devote hundreds of hours dealing with responses to SEC comments. There are several other items that need to be addressed when you are filing an information statement with the SEC. I will cover those items on Part 7.

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