SEC Comment Letter for QUEPASA CORP (CIK 0001078099) — Sep 9, 2005
QUEPASA CORP (CIK 0001078099)
Date: Sept. 9, 2005 · CIK: 0001078099 · Accession: 0000000000-05-046610
AI Filing Summary & Sentiment
File numbers found in text: 333-128078
Letter
Mail Stop 3561 September 8, 2005 Fernando Ascencio Chief Executive Officer Quepasa Corporation 410 North 44th Street, Suite 450 Pheonix, Arizona 85008
RE: Quepasa Corporation Form SB-2 Filed September 2, 2005 File No. 333-128078
Dear Mr. Ascencio:
We have limited our review of your Form SB-2 to matters concerning your compliance in your Form 10-KSB for the fiscal year ended December 31, 2004 with our comments set forth in our April 28, 2005 letter and subsequent letters.
We urge all persons who are responsible for the accuracy and adequacy of the disclosure in your filing to be certain that the filing includes all information required under the Securities Act of 1933 and that they have provided all information investors require for an informed investment 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.
In the event the company requests acceleration of the effective date of the pending registration statement, it should furnish a letter, at the time of such request, acknowledging that:
* should the Commission or the staff, acting pursuant to delegated authority, declare the filing effective, it does not foreclose the Commission from taking any action with respect to the filing;
* the action of the Commission or the staff, acting pursuant to delegated authority, in declaring the filing effective, does not relieve the company from its full responsibility for the adequacy and accuracy of the disclosure in the filing; and
* the company may not assert the declaration of effectiveness 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 your filing.
We will consider a written request for acceleration of the effective date of the registration statement as confirmation of the fact that those requesting acceleration are aware of their respective responsibilities under the Securities Act of 1933 and the Securities Exchange Act of 1934 as they relate to the proposed public offering of the securities specified in the above registration statement. We will act on the request and, pursuant to delegated authority, grant acceleration of the effective date.
If you have any questions, please call Cheryl Grant, Staff Attorney, at (202) 551-3359, or me, at (202) 551-3810.
Sincerely,
Michele Anderson
Legal Branch Chief
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Mail Stop 3561
September 8, 2005
Fernando Ascencio
Chief Executive Officer
Quepasa Corporation
410 North 44th Street, Suite 450
Pheonix, Arizona 85008
RE: Quepasa Corporation
Form SB-2
Filed September 2, 2005
File No. 333-128078
Dear Mr. Ascencio:
We have limited our review of your Form SB-2 to matters
concerning your compliance in your Form 10-KSB for the fiscal year
ended December 31, 2004 with our comments set forth in our April
28,
2005 letter and subsequent letters.
We urge all persons who are responsible for the accuracy and
adequacy of the disclosure in your filing to be certain that the
filing includes all information required under the Securities Act
of
1933 and that they have provided all information investors require
for an informed investment 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.
In the event the company requests acceleration of the
effective
date of the pending registration statement, it should furnish a
letter, at the time of such request, acknowledging that:
* should the Commission or the staff, acting pursuant to delegated
authority, declare the filing effective, it does not foreclose the
Commission from taking any action with respect to the filing;
* the action of the Commission or the staff, acting pursuant to
delegated authority, in declaring the filing effective, does not
relieve the company from its full responsibility for the adequacy
and
accuracy of the disclosure in the filing; and
* the company may not assert the declaration of effectiveness 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 your filing.
We will consider a written request for acceleration of the
effective date of the registration statement as confirmation of
the
fact that those requesting acceleration are aware of their
respective
responsibilities under the Securities Act of 1933 and the
Securities
Exchange Act of 1934 as they relate to the proposed public
offering
of the securities specified in the above registration statement.
We
will act on the request and, pursuant to delegated authority,
grant
acceleration of the effective date.
If you have any questions, please call Cheryl Grant, Staff
Attorney, at (202) 551-3359, or me, at (202) 551-3810.
Sincerely,
Michele Anderson
Legal Branch Chief
cc: Gary Agron, Esq.
(by facsimile: 303-770-7257)
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Mr. Ascencio
Quepasa Corporation
September 8, 2005
Page 2
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