SEC Company Response from OLB GROUP, INC. (OLB) (CIK 0001314196) (OLB) — Jan 17, 2020
OLB GROUP, INC. (OLB) (CIK 0001314196)
Date: Jan. 17, 2020 · CIK: 0001314196 · Accession: 0001213900-20-001318
AI Filing Summary & Sentiment
Reasoning
File numbers found in text: 333-232368
Referenced dates: January 16, 2020
Letter
VIA EDGAR Division of Corporation Finance Office of Information Technologies and Services Attention: Kathleen Collins, Accounting Branch Chief Re: The OLB Group, Inc. Amendment No. 3 to Registration Statement on Form S-1 Filed January 9, 2020 File No. 333-232368
Dear Ms. Collins,
On behalf of The OLB Group, Inc. (the “Company”) we hereby transmit the Company’s response to the comment letter received from the staff (the “Staff”) of the U.S. Securities and Exchange Commission (the “Commission”), dated January 16, 2020, regarding the Company’s Amendment No. 3 to Registration Statement on Form S-1 filed on January 9, 2020 (the “Registration Statement”), which such Registration Statement reflects the Staff’s comments. Concurrently with this response, the Company has filed an amended Registration Statement on Form S-1 reflecting the Staff’s comments. For the Staff’s convenience, we have repeated below the Staff’s comments in bold, and have followed each comment with the Company’s response.
Amendment No. 3 to Registration Statement on Form S-1 Management, page 76
1. Please disclose the information required by Item 401 of Regulation S-K for the new director nominees, Messers. Katsiaunis, Ernst and Sternhell. Also, file consents for each director nominee. See Securities Act Rule 438.
The Company has revised the Registration Statement to include in the information required by Item 401 of Regulation S-K for the new director nominees, Messers. Katsiaunis, Ernst and Sternhell. Further, consents of each director nominee have been filed as exhibits to the Registration Statement.
We thank the Staff for its review of the foregoing. If you have further comments, we ask that you forward them by electronic mail to our counsel, Matthew Bernstein, Esq. at mbernstein@egsllp.com or by telephone at (212) 370-1300.
Very truly yours,
/s/ Ronny Yakov
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CORRESP
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The OLB Group, Inc.
200 Park Avenue
Suite 1700
New York, NY 10166
January 17, 2020
VIA EDGAR
U.S. Securities and Exchange Commission
Division of Corporation Finance
Office of Information Technologies and Services
100 F Street, N.E.
Washington, D.C. 20549
Attention: Kathleen Collins, Accounting Branch Chief
Re:
The OLB Group, Inc.
Amendment No. 3
to Registration Statement on Form S-1
Filed January 9, 2020
File No. 333-232368
Dear Ms. Collins,
On behalf of The OLB Group,
Inc. (the “Company”) we hereby transmit the Company’s response to the comment letter received from the
staff (the “Staff”) of the U.S. Securities and Exchange Commission (the “Commission”), dated January
16, 2020, regarding the Company’s Amendment No. 3 to Registration Statement on Form S-1 filed on January 9, 2020 (the “Registration
Statement”), which such Registration Statement reflects the Staff’s comments. Concurrently with this response,
the Company has filed an amended Registration Statement on Form S-1 reflecting the Staff’s comments. For the Staff’s
convenience, we have repeated below the Staff’s comments in bold, and have followed each comment with the Company’s
response.
Amendment No. 3 to Registration Statement on Form S-1 Management,
page 76
1. Please disclose the information required by Item 401 of Regulation S-K for the new director nominees, Messers. Katsiaunis,
Ernst and Sternhell. Also, file consents for each director nominee. See Securities Act Rule 438.
The Company has revised
the Registration Statement to include in the information required by Item 401 of Regulation S-K for the new director nominees,
Messers. Katsiaunis, Ernst and Sternhell. Further, consents of each director nominee have been filed as exhibits to the Registration
Statement.
We thank the Staff for its review of the
foregoing. If you have further comments, we ask that you forward them by electronic mail to our counsel, Matthew Bernstein, Esq.
at mbernstein@egsllp.com or by telephone at (212) 370-1300.
Very truly yours,
/s/ Ronny Yakov
Ronny Yakov
Chief Executive Officer
cc:
Matthew Bernstein, Esq.
Ellenoff Grossman & Schole LLP