SEC Company Response from Gener8xion Entertainment, Inc. (CIK 0000803034) — Nov 21, 2005
Gener8xion Entertainment, Inc. (CIK 0000803034)
Date: Nov. 21, 2005 · CIK: 0000803034 · Accession: 0000950136-05-007446
AI Filing Summary & Sentiment
File numbers found in text: 000-15382
Letter
NOVEMBER 21, 2005 Ms. Amy Geddes Senior Assistant Chief Accountant Securities and Exchange Commission 450 Fifth Street, N.W. Washington, DC 20549-0305
Re: Gener8xion Entertainment, Inc. Letter of August 23, 2005 Commission File Number: 000-15382
Dear Ms. Geddes:
The following is in response to the comment in your above referenced letter.
As you have recommended, we have amended the financial statements accordingly to reflect compensation expense of $184,800 as a part Matthew Crouch's employment agreement. We have valued the 6,160,000 shares of stock given to him at a fair market value of $0.03 per share. The amended financial statements were issued and filed November 18, 2005.
We understand that the Company is responsible for the adequacy and accuracy of the disclosure in the filing; staff comments or changes to disclosure in response to staff comments do not foreclose the Commission from taking any action with respect to the filing; and the Company may not assert staff comments as a defense in any proceeding initiated by the Commission or any person under the federal securities laws of the United States.
Very truly yours,
/s/ Marilyn Beaubien
Chief Financial Officer
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NOVEMBER 21, 2005
Ms. Amy Geddes
Senior Assistant Chief Accountant
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, DC 20549-0305
Re: Gener8xion Entertainment, Inc.
Letter of August 23, 2005
Commission File Number: 000-15382
Dear Ms. Geddes:
The following is in response to the comment in your above referenced letter.
As you have recommended, we have amended the financial statements accordingly to
reflect compensation expense of $184,800 as a part Matthew Crouch's employment
agreement. We have valued the 6,160,000 shares of stock given to him at a fair
market value of $0.03 per share. The amended financial statements were issued
and filed November 18, 2005.
We understand that the Company is responsible for the adequacy and accuracy of
the disclosure in the filing; staff comments or changes to disclosure in
response to staff comments do not foreclose the Commission from taking any
action with respect to the filing; and the Company may not assert staff comments
as a defense in any proceeding initiated by the Commission or any person under
the federal securities laws of the United States.
Very truly yours,
/s/ Marilyn Beaubien
Chief Financial Officer