SEC Comment Letter for NextTrip, Inc. (NTRP) (CIK 0000788611) (NTRP) — Dec 29, 2010
NextTrip, Inc. (NTRP) (CIK 0000788611)
Date: Dec. 29, 2010 · CIK: 0000788611 · Accession: 0000000000-10-077839
AI Filing Summary & Sentiment
Reasoning
Referenced dates: November 22, 2010
Letter
December 29, 2010 Mark Cola President Framewaves, Inc. 41B Bisbee Court, Unit B4 Santa Fe, New Mexico 87508 Re: Framewaves, Inc. Amendment No. 2 to Current Report on Form 8-K Filed December 20, 2010 Amendment No.1 to Current Report on Form 8-K Filed November 5, 2010 File No. 033-02783-S
Dear Mr. Cola: We have reviewed your filings and have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure. Please respond to this letter within ten business days by amending your filing, by providing the requested information or by advising us when you will provide the requested response. If you do not believe our comments a pply to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response. After reviewing any amendment to your filing and the information you provide in response to these comments, we may have additional comments. Management’s Discussion and Analysis or Plan of Operations, page 17
1. We note your response to comment four of our comment letter dated November 22, 2010. We also note that on page 2 you state that you have a number of ongoing contracts with both the military and private industry. Pleas e provide disclosure regarding the material terms of your ongoing contracts, including reve nues you hope to generate in the future based on these contracts. With respect to future revenues based on existing contracts, provide information about the expected timing of such revenues and any uncertainties surrounding your ability to generate these revenues.
Mark Cola Framewaves, Inc. December 29, 2010 Page 2
Form 8-K/Amendment No. 1, dated November 5, 2010
Exhibit 99.1 B6 Sigma, Inc. Audited Financial Statements for February 28, 2010 6. Subsequent Events Asset Purchase Agreement, page 9
2. We note the status of your re search regarding Staff commen t and we reiterate comments 9, 10 and 11 of our letter dated November 22, 2010.
We urge all persons who are responsible for th e accuracy and adequacy of the disclosure in the filing to be certain that the filing include s the information the Securities Exchange Act of 1934 and all applicable Exchange Act rules requir e. Since the company and its management are in possession of all facts relating to a company’s disclosure, they are responsible for the accuracy and adequacy of the disclosures they have made. Please contact Brandon Hill, attorney-advi sor, at (202) 551-3268, John Harrington, attorney-advisor, at (202) 551-3458 or me at (202) 551-3810 with any other questions.
Sincerely,
Larry Spirgel
Assistant Director
Fax: Mark Cola (505) 424-3174
Show Raw Text
December 29, 2010
Mark Cola President Framewaves, Inc. 41B Bisbee Court, Unit B4 Santa Fe, New Mexico 87508
Re: Framewaves, Inc.
Amendment No. 2 to Current Report on Form 8-K Filed December 20, 2010 Amendment No.1 to Current Report on Form 8-K Filed November 5, 2010 File No. 033-02783-S
Dear Mr. Cola:
We have reviewed your filings and have the following comments. In some of our
comments, we may ask you to provide us with information so we may better understand your
disclosure.
Please respond to this letter within ten business days by amending your filing, by
providing the requested information or by advising us when you will provide the requested response. If you do not believe our comments a pply to your facts and circumstances or do not
believe an amendment is appropriate, please tell us why in your response.
After reviewing any amendment to your filing and the information you provide in
response to these comments, we may have additional comments. Management’s Discussion and Analysis or Plan of Operations, page 17
1. We note your response to comment four of our comment letter dated November 22, 2010.
We also note that on page 2 you state that you have a number of ongoing contracts with
both the military and private industry. Pleas e provide disclosure regarding the material
terms of your ongoing contracts, including reve nues you hope to generate in the future
based on these contracts. With respect to future revenues based on existing contracts,
provide information about the expected timing of such revenues and any uncertainties surrounding your ability to generate these revenues.
Mark Cola
Framewaves, Inc.
December 29, 2010 Page 2
Form 8-K/Amendment No. 1, dated November 5, 2010
Exhibit 99.1
B6 Sigma, Inc.
Audited Financial Statements for February 28, 2010
6. Subsequent Events
Asset Purchase Agreement, page 9
2. We note the status of your re search regarding Staff commen t and we reiterate comments
9, 10 and 11 of our letter dated November 22, 2010.
We urge all persons who are responsible for th e accuracy and adequacy of the disclosure
in the filing to be certain that the filing include s the information the Securities Exchange Act of
1934 and all applicable Exchange Act rules requir e. Since the company and its management are
in possession of all facts relating to a company’s disclosure, they are responsible for the accuracy
and adequacy of the disclosures they have made.
Please contact Brandon Hill, attorney-advi sor, at (202) 551-3268, John Harrington,
attorney-advisor, at (202) 551-3458 or me at (202) 551-3810 with any other questions.
Sincerely,
Larry Spirgel
Assistant Director
Fax: Mark Cola (505) 424-3174