1.
|
We
agree that impairment losses related to
marketable securities are properly classified as non-operating expenses
and will be classified as such in our amended
filings.
|
2.
|
Note
10 will be amended to include all outstanding warrants that were dilutive
for the year ended December 31,
2007.
|
3.
|
The
Form 10-Q for Fiscal quarter ended September 30, 2009 will be amended to
provide the certification required by Rule 13a-14(b) (17CFR240.13a-14(b))
or Rule 15d-14(b) (17CFR240.15d-14(b)) and section 1350 of Chapter63 of
Title 18 of the United States Code (18 U.S.C.
1350).
|
4.
|
The
Form 10-Q for Fiscal quarter ended September 30, 2009 will be amended to
provide the certification by our Chairman and Chief Executive Officer to
conform to Item 601(b)(31) of Regulation
S-K.
|
A.
|
the
Company is responsible for the adequacy of the disclosure in the
filings;
|
B.
|
staff
comments or changes to disclosure in response to staff comments do not
foreclose the Commission from taking any action with respect to the
filings; and
|
C.
|
the
Company may not assert staff comments as a defense in any proceeding
initiated by the Commission or any person under federal securities laws of
the United States.
|