AS REQUESTED BY THE SEC LETTER 10Q filing, SEE BELOW "REASONABLY POSSIBLE" "THE RANGE of LOSS" IS NOT "REASONABLE POSSIBLE LOSS" nor "PROBABLE LOSS". ODD MAY MORE LEGALeasy. PLENTY OF TIME TO SPLIT UP INTO TO COMPANIES, AND SQUEEZE THAT ANNOUNCEMENT INTO SEC REPORT?????
IN REFERRING TO CURRENT ONGOING "Derivative and Securities Litigation"
"The Company currently believes that a loss relating to the above-described stockholder matters is reasonably possible, but the Company cannot reasonably estimate the range of loss in light of the fact that these matters are in their early stages."
IF A LOSS IS reasonably possible, and let's agree one has gotten the initial lawsuit, that suit PROBABLY states what the money problem is and you have a DPA, stating your basically guilty on a single count plus 500K plus monitoring times 2. How can you not estimate? Plenty of time to split up like cockroaches as the light turns on.
Hey Madonna never tried to make herself over as a Cockroach! SAIC having Lady Gaga ambitions with make-over endeavors?
PER SEC LETTER
July 16, 2012
Page 3
| 3. | With regards to the Derivative and Securities Litigation, you disclose a loss is “possible” and the company cannot reasonably estimate the range of “potential loss.” In your next periodic filing, please revise these disclosures to use terms consistent with the requirements of ASC 450-20-50 (i.e. “reasonably possible loss” or “probable loss”). |
Response: In future filings, the Company will revise the terminology in its Derivative and Securities Litigation disclosure to be consistent with the requirements of ASC 450-20-50 as requested.
