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Item 3. Quantitative and Qualitative Disclosures About Market Risk

2009-02-20 compared with 2008-11-13 · 55 added, 24 removed, 7 unchanged (92% of the section changed)

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

Applicable to Smaller Reporting Companies.

CONTROLS AND PROCEDURES.

1 unchanged sentence

of disclosure controls and procedures .

established and maintain disclosure controls and procedures to ensure that

material information relating to our company, including our consolidated

subsidiaries, is accumulated and communicated to the officers who certify our

financial reports and to other members of senior management and the Board of

Directors to allow timely decisions regarding required disclosure.

required by Rule 13a-15(b) under the Securities and Exchange Act of 1934, as

amended (the “Exchange Act”), management carried out an evaluation, with the

participation of our chief financial officer and chief executive officer, of the

effectiveness of our disclosure controls and procedures, as of September 30,

Based on their evaluation as of September 30, 2008, our chief executive

officer and chief financial officer have concluded that our disclosure controls

and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange

Act) are effective to ensure that the information required to be disclosed by us

in the reports that we file or submit under the Exchange Act is recorded,

processed, summarized and reported within the time periods specified in SEC

rules and forms.

Changes in Internal Control over Financial Reporting

were no changes in our internal control over financial reporting that occurred

during the quarter ended September 30, 2008 that have materially affected, or

are reasonably likely to materially affect, our internal control over financial

In future filings we will disclose any change that has

materially affected, or is reasonably likely to materially affect, our internal

control over financial reporting.

We conducted an evaluation, under

the supervision and with the participation of our Chief Executive Officer and

our Chief Financial Officer, of the effectiveness of the design and operation of

our disclosure controls and procedures (as defined in Rules 13a-15(e) and

15d-15(e) under the Securities Exchange Act of 1934, as amended) as of the end

of the period covered by this annual report.

this evaluation, our chief executive officer and chief financial officer

concluded that as of the evaluation date our disclosure controls and procedures

were generally effective.

Our procedures have been designed to ensure that the

information relating to our company required to be disclosed in our SEC reports

is recorded, processed, summarized and reported within the time periods

specified in SEC rules and forms, and is accumulated and communicated to our

management, including our chief executive officer and chief financial officer,

as appropriate to allow for timely decisions regarding required

we believe that further steps are warranted to better assure the effectiveness

of these disclosure controls and procedures, specifically as it relates to

Flint’s operations resulting from the reverse merger with Semotus on October 1,

The reverse merger with Semotus resulted in additional accounting

personnel and financial reporting procedures to be assimilated, combined and/or

consolidated together with Semotus’ existing disclosure controls and

We have implemented certain steps in furtherance of this

objective and believe, subject to our continuing evaluation and review of these

further steps, that additional steps may be warranted.

that the Company believes it must undertake are to further design and implement

adequate systems of accounting and financial statement disclosure controls for

Flint’s operations during the current fiscal year to comply with the

requirements of the SEC.

We believe that the ultimate success of our plan to

improve our internal controls over financial reporting and disclosure controls

and procedures for Flint’s operations will require a combination of additional

financial resources, outside consulting services, legal advice, additional

personnel, further reallocation of responsibility among various persons, and

substantial additional training of those of our officers, personnel and others,

including certain of our newly appointed directors, who are charged with

implementing and/or carrying out our plan.

be noted that the design of any system of controls is based in part upon certain

assumptions about the likelihood of future events, and there can be no assurance

that any design will succeed in achieving its stated goals under all potential

future conditions, regardless of how remote.

(b) Changes in internal control over

financial reporting.

There were changes in our internal control over

financial reporting that occurred during the period covered by this Quarterly

Report on Form 10-Q that has materially affected our internal control over

financial reporting.

These changes are due to the reverse merger with Semotus,

which resulted in additional accounting personnel and financial reporting

procedures to be assimilated, combined and/or consolidated together from both

Flint and Semotus.

filings we will disclose any further change that has materially affected, or is

reasonably likely to materially affect, our internal control over financial

OTHER INFORMATION

2 unchanged sentences

RISK FACTORS.

Applicable to Smaller Reporting Companies.

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-Q

Item 3. Quantitative and Qualitative Disclosures About Market Risk