SEC Comment Letter for Southern Sauce Company, Inc. (CIK 0001327364) — Oct 12, 2005
Southern Sauce Company, Inc. (CIK 0001327364)
Date: Oct. 12, 2005 · CIK: 0001327364 · Accession: 0000000000-05-052150
AI Filing Summary & Sentiment
File numbers found in text: 333-125268
Letter
Room 4561 October 11, 2005 Robert E. Jordan President Southern Sauce Company, Inc. 11951 S.E. 57th Street Morristown, FL 32668
Re: Southern Sauce Company, Inc. Amendment no. 3 to Form SB-2 Filed September 22, 2005 Registration no. 333-125268
Dear Mr. Jordan:
We have reviewed the above amendment and have the following comments in that regard.
Form SB-2/A Dilution, Pages 8-9 1. It appears that the company`s net tangible book value as of June 30, 2005 was $17,239 rather than the amount of $18,652 disclosed in this section on page 8. Intangible assets, including amounts capitalized for the license agreement, should be deducted in calculating net tangible book value. The related per share amounts should also be revised.
Security Ownership of Certain Beneficial Owners and Management, page 2. Please update the disclosure herein to the latest practicable date and certainly to a date more recent than April 22, 2005.
Additional Information, page 23 3. Update this section to include the Securities and Exchange Commission`s current address, 100 F Street, N.E., Washington, DC 20549. Closing
You may contact Maureen Bauer at (202) 551-3237 or Terrence O`Brien, Branch Chief - Accounting at (202) 551-3355 if you have questions regarding comments on the financial statements and related matters. Please contact Hugh Fuller at (202) 551-3853 or me at (202) 551-3730 with any other questions.
Sincerely,
Barbara C. Jacobs
Assistant Director
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<TYPE>LETTER
<SEQUENCE>1
<FILENAME>filename1.txt
<TEXT>
Room 4561
October 11, 2005
Robert E. Jordan
President
Southern Sauce Company, Inc.
11951 S.E. 57th Street
Morristown, FL 32668
Re: Southern Sauce Company, Inc.
Amendment no. 3 to Form SB-2
Filed September 22, 2005
Registration no. 333-125268
Dear Mr. Jordan:
We have reviewed the above amendment and have the following
comments in that regard.
Form SB-2/A
Dilution, Pages 8-9
1. It appears that the company`s net tangible book value as of
June
30, 2005 was $17,239 rather than the amount of $18,652 disclosed
in
this section on page 8. Intangible assets, including amounts
capitalized for the license agreement, should be deducted in
calculating net tangible book value. The related per share
amounts
should also be revised.
Security Ownership of Certain Beneficial Owners and Management,
page
17
2. Please update the disclosure herein to the latest practicable
date
and certainly to a date more recent than April 22, 2005.
Additional Information, page 23
3. Update this section to include the Securities and Exchange
Commission`s current address, 100 F Street, N.E., Washington, DC
20549.
Closing
You may contact Maureen Bauer at (202) 551-3237 or Terrence
O`Brien, Branch Chief - Accounting at (202) 551-3355 if you have
questions regarding comments on the financial statements and
related
matters. Please contact Hugh Fuller at (202) 551-3853 or me at
(202)
551-3730 with any other questions.
Sincerely,
Barbara C. Jacobs
Assistant Director
Cc: Joel Bernstein
2666 Tigertail Avenue Suite 104
Miami, FL 33133
Fax no. (786) 513-8522
</TEXT>
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