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Great board.....marked it and marked you.....thanks mikey.
Agreed, creede, both terrific boards...
Welcome to all the new members. We are now 102 strong and counting. Please post here deposit your experience here for us all to share and discuss.
Also, don't forget to mark our sister thread, SOS Changes.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=60142394
That would be the place for you to deposit any new changes that find during your DD.
Thanks!!!!
In my very humble opinion, the SOS is where the DD should start. Each person should be make it a habit to check all their favorite stocks with the SOS on a routine basis. If they do that, they gain a huge advantage in the market that often only trades based on hype.
That's the hope, I like the potential here, some great information I've been accumulating for 8 months on SOS Changes thread, will be nice to have a place to discuss the intricate details of SOS issues.
I am going to put it on my "To Do List" to call the NV SOS next week and try to get more clarity. Thanks for bring it to our attention.
Agree. Some of the SOS's still look very antiquated, but some of them are really great (like WY). Hopefully in the future we will see more and more of them become more user friendly.
Thanks, 'cantget' so appears they give out the authorized, but not the meat - address, filings or officer lists. Nice to know, another way to get authorized count without going through TA, especially if TA is gagged.
WOW.........EVERYONE needs to BOOKMARK this board.......
and 'creede' as well..........
talk about GIVING BACK............now this is what i am talking about.....
In that great series of simple to understand articles, one of which I linked to earlier, there was this one which relates to the M-Mar saga for those who have been following it:
http://www.businesslawpost.com/2010/10/how-to-choose-state-of-incorporation_21.html
Either way, have a great weekend everyone. I'm out.
Thanks for that. Learn something new everyday
Just want to say thanks to all that posted here today. I think we have a special synergy with the two SOS threads. I think we may actually be able to create forums of real value, and become better investors in the process.
I used PGIE,
I go here first,
https://delecorp.delaware.gov/tin/GINameSearch.jsp
and get the file number.
I asked for the authorized shares and the preferred
for
file #3684074 PGI ENERGY, INC.
But my question disappeared and it didn't show up on the transcript I had e-mail to me. If you don't ask for the preferred you might get one number with the common and preferreds added together
----------------------------------------------------------
Chat InformationRouting your chat request to a Corporations Information Center Representative . You are person 1 of 1 waiting to be served. Important: Please do not provide sensitive information (such as social security numbers, etc.) while chatting.
Chat InformationYou are now chatting with 'Kim' with the Delaware Division of Corporations Information Center.
Kim: Hello, Please hold as I review your question.
Kim: 1 COMMON A 1,000,000,000 .010000
Kim: 2 PREFERRED B 20,000,000 .010000
Kim: 3 PREFERRED C 1,000 .010000
ron: thank you
Kim: Thank you for contacting us online.
Please use the button (in the upper right corner of this window) to close this session. You will be prompted to have a transcript E-mailed to you and rate this service. Good-bye.
Interesting...I found this enlightening read after your post comparing DE, WY and NV.
http://www.businesslawpost.com/2010/10/how-to-choose-state-of-incorporation.html
How about GFME? I've already looked it up a few months back, but just an example. If you can post the chat as well, that would be really helpful.
give me a DEL corp I will try right now
WY has a legal instrument called a Close Trust. It is a way to shelter personal / buisness assets and limits liability.
Very useful against creditors, lawsuits, gold giggers, etc.
Hmm...weird, I wonder either the people I've gotten in the chat, just haven't known what they are doing or they changed their policy. If anyone else happens to try again, please let us know the outcome of your chat.
Documents you will have to pay for but I have always been able to get AS.
I give the name and the file number.
Unless they changed their policy recently.
Maybe I'm wrong, but when I've tried it I couldn't get anything without paying. Just to be sure, I just chatted with a Deleware rep and this is the conversation.
Here is the link btw for those who have never used it before. It's at the bottom of the page:
http://www.corp.delaware.gov/contact.shtml
Delaware will give you the info, there is a chat button where you can ask and get your answer either through the chat or they will email it later.
On those other SOS's that provide free information, I didn't mean that the companies are preferred, but the SOS is preferred because it provides free information. In fact many of the best companies remain on the DE. I just want to have my cake and eat it too :) Free info. and best companies in OTC both. Time to get a lobbyist...LOL...
Yeah, therein lies the dilemma. DE has some real solid by-the-book companies due to the stricter regulations, but at the expense of information given out to shareholders. I believe if we could get DE to give out open and free information that the penny market and OTC would be alot better off. And it would probably lead to every state that isn't giving out free information to follow the lead.
I have seen the Authorized shares "Unlimited" on a few WY corps.
WY corporate law also less strict than DE...
There are some preferred SOS's IMO (like WY) which provide free information to the general public , they don't have to pay the fees that DE incurs. I think DE helps out the bigger shareholders who have the funds to constantly put down $20 bucks here and there, but it limits things for the small-time investor attempting to research a broad variety of stocks. Certainly it's not advantageous for DD'ing the thousands of penny companies on there.
Transparency is key in the pink sheets IMO, the less walls that are up surrounding this information, the more that the market can effectively operate and incorporate any company changes into the PPS. Without these internal changes being made free to the public, it only continues to encourage insiders and big pockets in gaining the upper hand and making money off of others. I hope that in the future more SOS's transition to the free information platform.
Does anyone here know why a company would choose to move from DE to WY?
Also, would all of the state taxes for DE have to be paid for them to be able to execute the move?
re WY SOS -
I saw today where the state of incorportion of RAMO changed from DE to WY. It was very nice to have the quick link to WY in the iBox.
2011-000949294 Common Amendment 02/28/2011
01289780 2011 Original Annual Report 02/18/2011
2011-000925861 Merger - Survivor 01/25/2011
https://wyobiz.wy.gov/Business/FilingDetails.aspx?FilingNum=2010-000594787
Turns out that WY is VERY easy to use, and YERY helpful. The a/s for commons and preferreds are right there. As well as all the officers. All for zero fees. Very nice.
levelnever,
thanks for the excellent info. That's exactly the type of info that is great to post here.
On stock split filings on Nevada SOS. So just a little piece of information I think some might find useful when they are looking at a stock split filing on Nevada SOS. As recently evidenced by GOHG and TEMN, two stocks that filed a stock split filing, these filings can be used for two different purposes. They can either lead to stock splits or they can be used by a company to change the A/S, as in the case of GOHG and TEMN. It is not a very common way to increase the A/S, but it does seem to occasionally happen.
The most common way to increase the A/S is simply an amendment filing. Still not entirely clear why companies use the Stock Split filing to increase rather than an Amendment, but wanted to bring that to the attention of SOS followers. Important to know. That said, at the same time an A/S increase in a stock split filing has also been seen with forward splits. On the reverse side I have yet to see an A/S decrease come from a stock split filing. From all that I have seen so far this most likely will indicate an R/S.
Thanks MadeBucksOnThis, and welcome to the thread. Gave you a mark as well.
right on guys, Great job on the board....PM & PB....
MBOT
Tr MrMiyagi3000. Welcome to the thread. Love that siggy photo.
Good morning, airdale1, and welcome to the thread..!
love the board guys...keep up the good work
Nice board creede, you've put some work into creating the link sets.
Best to you Sir.
Good morning levelnever, and thank you. I believe your SOS Changes thread is an exceptional asset to iHub, and will no doubt help many investors for years to come.
Very glad for our serendipitous meeting.
This will grow into a great resource, planning to post some research, SOS specific information on here as time allows. Great work creede, just the beginning.
What to post
This is the place to compile information for SOS state information and questions regarding filings and the processes for each state. Please post specific state SOS information and more specific questions (or answers) on how different SOS's operate.
When posting, please be mindful to include keywords that will help yourself and others find the information. Here are some good questions to keep in mind when making your post.
no doubt, indeed. take care
been out a bit but hope to get back in regularly.
thx~!!
I always figured you for a genius. This board is further confirmation. Thanks much for all you do for the cause of smart trading.
Good morning, Renee. Thank you and welcome to the Secretary! If you have any SOS tips, then please post there here.
tyvm my friend.
cheers.
~A.
Haha, wishing the same to ya
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Welcome to The Secretary of State (SOS) Board! This board was created to help us more effectively make decisions regarding OTC stocks, by learning how to more efficiently obtain information from the State of Incorportion.
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