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SEC Comment Letter for HOMENET CORP (CIK 0000910639) — Jul 26, 2005

HOMENET CORP (CIK 0000910639)
Date: July 26, 2005 · CIK: 0000910639 · Accession: 0000000000-05-038349

AI Filing Summary & Sentiment

Date
October 1, 2004
Author
Karen J. Garnett
Form
UPLOAD
Company
HOMENET CORP (CIK 0000910639)

Letter

October 1, 2004 Mail Stop 0409 Mr. Frank J. Gillen President Faraday Financial, Inc. 175 South Main, Suite 1240 Salt Lake City, Utah 84111

RE: Faraday Financial, Inc. Preliminary Proxy Materials on Schedule 14A Filed September 23, 2004 File No. 0-22236

Dear Mr. Gillen:

The staff conducted a limited review of the above filing. We limited our review to the following comment:

We note that in connection with the merger with Video Internet Broadcasting Corporation, you intend to issue 3,226,731 of common stock. Please advise us whether these shares were registered. If the shares were not registered, please advise us what exemption or exemptions from registration you intend to rely upon.

We urge all persons who are responsible for the accuracy and adequacy of the disclosure in the filing(s) to be certain that they have provided all information investors require for an informed decision. 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. Additionally, the registrant should provide written acknowledgement of the following: The adequacy and accuracy of the disclosure in the filing is the responsibility of the registrant. The registrant acknowledges that staff comment or changes in response to staff comment in the proposed disclosure in the preliminary proxy materials do not foreclose the Commission from taking any action with respect to the filing. The registrant also represents that staff comment may not be asserted as a defense in any proceeding initiated by the Commission or any person under the federal securities laws of the United States.

In addition, please be advised that the Division of Enforcement has access to all information you provide to the staff of the Division of Corporation Finance in connection with our review of your filing or in response to our comments on your filing.

All persons who are by statute responsible for the adequacy and accuracy of the information statement are urged to be certain that all information required pursuant to the Securities Exchange Act of 1934 has been included.

You may direct questions to Jennifer Gowetski at (202) 824- 5303, or the undersigned at (202) 942-1960.

Sincerely,
Karen J. Garnett
Assistant Director

Show Raw Text
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<TEXT>

October 1, 2004

Mail Stop 0409

Mr. Frank J. Gillen
President
Faraday Financial, Inc.
175 South Main, Suite 1240
Salt Lake City, Utah 84111

	RE:	Faraday Financial, Inc.
		Preliminary Proxy Materials on Schedule 14A
		Filed September 23, 2004
		File No. 0-22236

Dear Mr. Gillen:

	The staff conducted a limited review of the above filing.  We
limited our review to the following comment:

	We note that in connection with the merger with Video
Internet
Broadcasting Corporation, you intend to issue 3,226,731 of common
stock. Please advise us whether these shares were registered. If
the
shares were not registered, please advise us what exemption or
exemptions from registration you intend to rely upon.

	We urge all persons who are responsible for the accuracy and
adequacy of the disclosure in the filing(s) to be certain that
they
have provided all information investors require for an informed
decision.  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.
Additionally, the registrant should provide written
acknowledgement
of the following:
The adequacy and accuracy of the disclosure in the filing is the
responsibility of the registrant.  The registrant acknowledges
that
staff comment or changes in response to staff comment in the
proposed
disclosure in the preliminary proxy materials do not foreclose the
Commission from taking any action with respect to the filing.  The
registrant also represents that staff comment may not be asserted
as
a defense in any proceeding initiated by the Commission or any
person
under the federal securities laws of the United States.

      In addition, please be advised that the Division of
Enforcement
has access to all information you provide to the staff of the
Division of Corporation Finance in connection with our review of
your
filing or in response to our comments on your filing.

      All persons who are by statute responsible for the adequacy
and
accuracy of the information statement are urged to be certain that
all information required pursuant to the Securities Exchange Act
of
1934 has been included.

	You may direct questions to Jennifer Gowetski at (202) 824-
5303,
or the undersigned at (202) 942-1960.

Sincerely,

Karen J. Garnett
Assistant Director

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Faraday Financial, Inc.
Page 2

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