SEC Comment Letter for iQSTEL Inc (IQST) (CIK 0001527702) (IQST) — Jun 8, 2012
iQSTEL Inc (IQST) (CIK 0001527702)
Date: June 8, 2012 · CIK: 0001527702 · Accession: 0000000000-12-029840
AI Filing Summary & Sentiment
Reasoning
Referenced dates: May 22, 2012
Letter
June 8, 2012 Via E -mail Anna C. Jones President and Chief Executive Officer B-Maven, Inc. 3272 Reynard Way San Diego, CA 92103
Re: B-Maven, Inc. Amendment No. 6 to Registration Statement on Form S-1 Filed May 31, 2012 File No. 333 -176376
Dear Ms. Jones :
We have reviewed your registration statement and have the following comment.
Management’s Discussion and Analysis or Plan of Operation, page 23
Operations, page 23
1. We note your response to comment four of our letter dated May 22, 2012. We still do not understand how you will not be able to pursue any of your timeline goals or action steps if you raise 75%, 50%, 25%, or 10% of your additional financing objec tives. For example, based on your disclosure on page 24, you require $60,000 to complete phases 1 - 3 of your business plan. If you raise 75% of the required $100,000 you state is necessary to complete phases 1 -4, you will have raised $15,000 more than the funding required to complete phases 1 -3. Please explain to us why you will not be able to pursue any of these phases upon receipt of the additional funding.
You may contact Dale Welcome at (202) 551 -3865 or Kevin Stertzel at (202) 551 -3723 if you have q uestions regarding comments on the financial statements and related matters. Please contact Jessica Dickerson at (202) 551 -3749 or me at (202) 551 -3397 with any other questions.
Sincerely,
/s/ Jay Ingram
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June 8, 2012 Via E -mail Anna C. Jones President and Chief Executive Officer B-Maven, Inc. 3272 Reynard Way San Diego, CA 92103 Re: B-Maven, Inc. Amendment No. 6 to Registration Statement on Form S-1 Filed May 31, 2012 File No. 333 -176376 Dear Ms. Jones : We have reviewed your registration statement and have the following comment. Management’s Discussion and Analysis or Plan of Operation, page 23 Operations, page 23 1. We note your response to comment four of our letter dated May 22, 2012. We still do not understand how you will not be able to pursue any of your timeline goals or action steps if you raise 75%, 50%, 25%, or 10% of your additional financing objec tives. For example, based on your disclosure on page 24, you require $60,000 to complete phases 1 - 3 of your business plan. If you raise 75% of the required $100,000 you state is necessary to complete phases 1 -4, you will have raised $15,000 more than the funding required to complete phases 1 -3. Please explain to us why you will not be able to pursue any of these phases upon receipt of the additional funding. You may contact Dale Welcome at (202) 551 -3865 or Kevin Stertzel at (202) 551 -3723 if you have q uestions regarding comments on the financial statements and related matters. Please contact Jessica Dickerson at (202) 551 -3749 or me at (202) 551 -3397 with any other questions. Sincerely, /s/ Jay Ingram Jay Ingram Legal Branch Chief cc: Jeffrey M. Quick, Quick Law Group PC (via e -mail)