SEC Comment Letter for Global General Technologies, Inc. (CIK 0001092455) — Jul 26, 2005
Global General Technologies, Inc. (CIK 0001092455)
Date: July 26, 2005 · CIK: 0001092455 · Accession: 0000000000-05-038247
AI Filing Summary & Sentiment
Referenced dates: April 7, 2000
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April 27, 2005
Mail Stop 0409
Shmuel Shneibalg
Chief Executive Officer
Knowledge Transfer Systems, Inc.
62 Crestmont Drive
Oakland, CA 94619
Re: Knowledge Transfer Systems, Inc.
Preliminary Information Statement on Schedule 14C
Registration No. 0-28417
Filed on April 18, 2005
Dear Mr. Shneibalg:
This is to advise you that we have performed a limited review of
the
Preliminary Information Statement on Schedule 14C noted above and
have the following comments:
1. Please provide us with an analysis as to why Global General
Technologies was not required to file a Form 8-K containing the
information that is required by Form 10 or Form 10-SB in
connection
with its acquisition of 74.6% your common stock. In connection
with
this, we note that you were a "blank check" company at the time of
the transaction. Refer to the letter dated April 7, 2000, from
the
U.S. Securities and Exchange Commission`s Chief of the Office of
Small Business to the Nasdaq Director of Listing Qualifications,
http://www.otcbb.com/news/EligibilityRule/8kreg.stm.
2. Please provide an analysis under state law as to why you were
not
required to obtain shareholder approval for your acquisition of
Global General Technologies.
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.
If you have any questions, please call David H. Roberts at
(202) 942-2811 or the undersigned at (202) 942-1971.
Sincerely,
Owen Pinkerton
Senior Counsel
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