Hoping ,to have more money than brains one day.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
heres a bunch of alias frank is using....my what a smart man...
Web ResultsPage 1 of 3,672,068 results containing olson (0.17 seconds)
SPONSORED SITESOlson on eBay - www.ebay.com
Find olson items at low prices. With over 5 million items for sale every day, you'll find all kinds of unique things on eBay ...
Olson - MachineRunner - www.machinerunner.com
All Olson machines available - all manufacturers. Parts, accessories, service also. Call or buy online. Low prices. Free...
Find Charlene W. Olson at Art.com - www.art.com
Art.com offers everyday savings on over 250,000 posters and prints. Professional framing and a dedicated customer support team.
Results
James A. Olson Guitars
James A. Olson Luthier. Fine handmade Acoustic guitars.
www.olsonguitars.com Cached page 12/26/2005
Molecular Graphic Laboratory
Olson 1997 News Press Release 11/21/05 FightAIDS@Home joins World Community Grid Press Release 03/24/05 Touching Molecules With Your bare Hands Tangible Interfaces for Molecular ...
www.scripps.edu/mb/olson Cached page 12/26/2005
Theodore B. Olson, Solicitor General
OLSON Theodore B. Olson was the 42nd Solicitor General of the United States. He was nominated by President Bush on February 14, 2001, confirmed by the United States Senate, and took the oath of ...
www.usdoj.gov/osg/aboutosg/t_olson_bio.htm Cached page 12/27/2005
Shawn Olson Creative Arts - Art, Poetry, Photography
A collection of art, writing and photography by photojournalist Shawn Olson. Based in Columbus, Ohio, USA.
www.shawnolson.net Cached page 12/25/2005
OlsonNow
... in Olson, as well as of a cento written of lines from Olson. Conversation ranged widely: Olson in the classroom, Olson and the feminine, Olson and Melville, Olson and walking, Olson and Place, et al. ...
www.olsonnow.blogspot.com Cached page 12/25/2005
alix olson - a red-hot, fire-bellied, feminismo-spewin' volcano. Plus ...
Alix Olson is a brilliant performer, an ingenious poet, a serious thinker, a funny person. She brought me to my feet". ~Howard Zinn "...an advocate for grassroots truth" ~Utne Magazine LEFT LANE on ...
www.alixolson.com Cached page
Olson Power and Equipment!
At Olson Power we sell a full line of power equipment including Kubota tractors, and Mini Backhoes; Gehl and ASV Posi Tracks Skid Loaders; 3-point implements from Bush Hog, Farm King and ...
www.olsonpower.com Cached page
Sigurd Olson Environmental Institute
Information about outdoor education opportunities, and programs in environmental writing and in support of wolf and loon conservation. Offers curriculum guides and other resources for teachers.
www.northland.edu/soei Cached page 12/26/2005
Welcome to Chris Olson & Associates!
Chris Olson & Associates creates and implements marketing & communications strategies for libraries, information centers and information providers. copyright 2002-2005 Christine A. Olson , All rights ...
www.chrisolson.com Cached page 12/25/2005
Knobbe Martens Olson & Bear LLP
Law firm with offices throughout the southern state, concentrating in all phases of intellectual property law.
www.kmob.com Cached page 12/26/2005 SPONSORED SITES
AllPosters.com: Olson
Choose from over 300,000 posters and prints in the movies, music,...
www.allposters.com
Olson at Shopping.com
Find, compare and buy Olson and other home and garden products. Read...
www.shopping.com
See your message here...SPONSORED SITES
irish...what about the olson twins....im sure those are his daughters......
UNTIL INFO IS RELEASED BY THE company you have no idea what the O/S is, A/S is just a bashers tool to spew lies about how many shares are out that arent really out....seems to me the bashing here is more prevelent than any info the real investors are quoting.....just goes to show the type of people you have to deal with on investors hub...you should be ashamed.
IKE....q will surprise froy and he wont be ready for it....or he will just change his alias when it happens
good confirmation of
qtn's diligence to air internationally uwlungman....time will grow this company just fine
SANTA'S COMING TONIGHT
MAY HAPPINESS BEFALL ALL WHO WISH FOR SUCH .....
MERRY X-MAS TO ALL....
http://www.illwillpress.com/xmas.html
hey...just pointing out some facts
lobo...you brought good info but no one still has an answer...theres to much left to explain....
lobo...no one knows if the shares have been used or not...you can make the A/S whatever ya want....how do ya know they have been spent..it didnt happen today cause were not at .0001. MM'S always know ahead of time....could be they still give TMM a value of .0003 at whatever the O/S is
skunks...RESTRICTED" even if the shares are restricted for say,2 years..by the time the PPS recovers the 2 years will be up and we will face another vicious cycle of a nothing pps
about the consolidation of parents and subs,,,,very interesting
Rule 3A-02 -- Consolidated Financial Statements of the Registrant and Its Subsidiaries
--------------------------------------------------------------------------------
In deciding upon consolidation policy, the registrant must consider what financial presentation is most meaningful in the circumstances and should follow in the consolidated financial statements principles of inclusion or exclusion which will clearly exhibit the financial position and results of operations of the registrant. There is a presumption that consolidated statements are more meaningful than separate statements and that they are usually necessary for a fair presentation when one entity directly or indirectly has a controlling financial interest in another entity. Other particular facts and circumstances may require combined financial statements, an equity method of accounting, or valuation allowances in order to achieve a fair presentation. In any case, the disclosures required by Rule 3A-03 should clearly explain the accounting policies followed by the registrant in this area, including the circumstances involved in any departure from the normal practice of consolidating majority owned subsidiaries and not consolidating entities that are less than majority owned. Among the factors that the registrant should consider in determining the most meaningful presentation are the following:
(a) Majority ownership: Generally, registrants shall consolidate entities that are majority owned and shall not consolidate entities that are not majority owned. The determination of "majority ownership" requires a careful analysis of the facts and circumstances of a particular relationship among entities. In rare situations, consolidation of a majority owned subsidiary may not result in a fair presentation, because the registrant, in substance, does not have a controlling financial interest (for example, when the subsidiary is in legal reorganization or in bankruptcy, or when control is likely to be temporary). In other situations, consolidation of an entity, notwithstanding the lack of technical majority ownership, is necessary to present fairly the financial position and results of operations of the registrant, because of the existence of a parent-subsidiary relationship by means other than record ownership of voting stock.
Breach of fiduciary duty refers to any breach of fiduciary or similar duty to the issuer recognized under an applicable Federal or State statute or at common law, including but not limited to misfeasance, nonfeasance, abdication of duty, abuse of trust, and approval of unlawful transactions.
hey reddfox....have you heard anyone say anything about brighthouse being in orlando the end of this month....
skunks...dont they have to pay the different services to issue the prs....
good morning ladies and gentlemen
thank you mitch.
here is a website that may help everyone in any discussion about anything LEGAL....
http://www.law.uc.edu/CCL/index.html
at least 50 froy...hes been in business 50 years....dont you read anything at all about anything....lawsuits are a way of life for the big boys....
americas #1 pastime...sue me sue you...
good one raggs...that would have been nice to have a month ago
heres some proof the bashers have been lying to us all along.even if the vc do have preferred shares of QTN it is still 100% wholly owned by TMM.
Example No. 11: Parent company owns 100% of the common stock of SubA. SubA has a class of preferred stock outstanding.
That preferred stock is 100% owned by a party that is not a 100%-owned subsidiary of the parent company. The common equity has full voting rights. The preferred stock is non-voting.
Is SubA a 100%-owned subsidiary of the parent company? Yes.
for me charlie he has no strikes...maybe a few gutter balls but hes still trying to bring the company around...im not going to fault him for that...i know how hard it is to get a corp going.sometimes things just dont go right and shareholders want to hang him but hes done alot right to....
no hurry here
Example No. 11: Parent company owns 100% of the common stock of SubA. SubA has a class of preferred stock outstanding.
That preferred stock is 100% owned by a party that is not a 100%-owned subsidiary of the parent company. The common equity has full voting rights. The preferred stock is non-voting.
Is SubA a 100%-owned subsidiary of the parent company? Yes.
no matter what frank does even if he does something wrong it would just be a slap on the wrist from nasdaq/sec...these fines are minimual....10k/20k...peanuts
http://www.nasd.com/web/groups/enforcement/documents/monthly_disciplinary_actions/nasdw_011982.pdf
Rule 4-08 -- General Notes to Financial Statements
--------------------------------------------------------------------------------
If applicable to the person for which the financial statements are filed, the following shall be set forth on the face of the appropriate statement or in appropriately captioned notes. The information shall be provided for each statement required to be filed, except that the information required by items (b), (c), (d), (e), and (f) shall be provided as of the most recent audited balance sheet being filed and for item (j) as specified therein. When specific statements are presented separately, the pertinent notes shall accompany such statements unless cross-referencing is appropriate.
Principles of consolidation or combination. With regard to consolidated or combined financial statements, refer to Rules 3A-01 to 3A-08 for requirements for supplemental information in notes to the financial statements.
Assets subject to lien. Assets mortgaged pledged, or otherwise subject to lien, and the approximate amounts thereof, shall be designated and the obligations collateralized briefly identified.
Defaults. The facts and amounts concerning any default in principal, interest, sinking fund, or redemption provisions with respect to any issue of securities or credit agreements, or any breach of covenant of a related indenture or agreement, which default or breach existed at the date of the most recent balance sheet being filed and which has not been subsequently cured, shall be stated in the notes to the financial statements. If a default or breach exists but acceleration of the obligation has been waived for a stated period of time beyond the date of the most recent balance sheet being filed, state the amount of the obligation and the period of the waiver.
Preferred shares.
Aggregate preferences on involuntary liquidation, if other than par or stated value, shall be shown parenthetically in the equity section of the balance sheet.
Disclosure shall be made of any restriction upon retained earnings that arises from the fact that upon involuntary liquidation the aggregate preferences of the preferred shares exceeds the par or stated value of such shares.
Restrictions which limit the payment of dividends by the registrant.
Describe the most significant restrictions, other than as reported under paragraph (d) of this section, on the payment of dividends by the registrant, indicating their sources, their pertinent provisions, and the amount of retained earnings or net income restricted or free of restrictions.
Disclose the amount of consolidated retained earnings which represents undistributed earnings of 50 percent or less owned persons accounted for by the equity method.
The disclosures in paragraph (3)(i) and (ii) in this section shall be provided when the restricted net assets of consolidated and unconsolidated subsidiaries and the parent's equity in the undistributed earnings of 50 percent or less owned persons accounted for by the equity method together exceed 25 percent of consolidated net assets as of the end of the most recently completed fiscal year. For purposes of this test, restricted net assets of subsidiaries shall mean that amount of the registrant's proportionate share of net assets (after intercompany eliminations) reflected in the balance sheets of its consolidated and unconsolidated subsidiaries as of the end of the most recent fiscal year which may not be transferred to the parent company in the form of loans, advances or cash dividends by the subsidiaries without the consent of a third party (i.e., lender, regulatory agency, foreign government, etc.). Not all limitations on transferability of assets are considered to be restrictions for purposes of this test, which considers only specific third party restrictions on the ability of subsidiaries to transfer funds outside of the entity. For example, the presence of subsidiary debt which is secured by certain of the subsidiary's assets does not constitute a restriction under this rule. However, if there are any loan provisions prohibiting dividend payments, loans or advances to the parent by a subsidiary, these are considered restrictions for purposes of computing restricted net assets. When a loan agreement requires that a subsidiary maintain certain working capital, net tangible asset, or net asset levels, or where formal compensating arrangements exist, there is considered to be a restriction under the rule because the lender's intent is normally to preclude the transfer by dividend or otherwise of funds to the parent company. Similarly, a provision which requires that a subsidiary reinvest all of its earnings is a restriction, since this precludes loans, advances or dividends in the amount of such undistributed earnings by the entity. Where restrictions on the amount of funds which may be loaned or advanced differ from the amount restricted as to transfer in the form of cash dividends, the amount least restrictive to the subsidiary shall be used. Redeemable preferred stocks (Rule 5-02.28) and minority interests shall be deducted in computing net assets for purposes of this test.
Describe the nature of any restrictions on the ability of consolidated subsidiaries and unconsolidated subsidiaries to transfer funds to the registrant in the form of cash dividends, loans or advances (i.e., borrowing arrangements, regulatory restraints, foreign government, etc.)
Disclose separately the amounts of such restricted net assets for unconsolidated subsidiaries and consolidated subsidiaries as of the end of the most recently completed fiscal year.
Significant changes in bonds, mortgages and similar debt. Any significant changes in the authorized or issued amounts of bonds, mortgages and similar debt since the date of the latest balance sheet being filed for a particular person or group shall be stated.
Summarized financial information of subsidiaries not consolidated and 50 percent or less owned persons.
The summarized information as to assets, liabilities and results of operations as detailed in Rule 1-02(bb) shall be presented in notes to the financial statements on an individual or group basis for:
Subsidiaries not consolidated; or
For 50 percent or less owned persons accounted for by the equity method by the registrant or by a subsidiary of the registrant, if the criteria in Rule 1-02(w) for a significant subsidiary are met:
Individually by any subsidiary not consolidated or any 50% or less owned person; or
On an aggregated basis by any combination of such subsidiaries and persons.
Summarized financial information shall be presented insofar as is practicable as of the same dates and for the same periods as the audited consolidated financial statements provided and shall include the disclosures prescribed by Rule 1-02(bb). Summarized information of subsidiaries not consolidated shall not be combined for disclosure purposes with the summarized information of 50 percent or less owned persons.
Income tax expense.
Disclosure shall be made in the income statement or a note thereto, of
the components of income (loss) before income tax expense (benefit) as either domestic or foreign;
the components of income tax expense, including
taxes currently payable and
the net tax effects, as applicable, of timing differences (indicate separately the amount of the estimated tax effect of each of the various types of timing differences, such as depreciation, warranty costs, etc., where the amount of each such tax effect exceeds five percent of the amount computed by multiplying the income before tax by the applicable statutory Federal income tax rate; other differences may be combined.)
--------------------------------------------------------------------------------
Note:
Amounts applicable to United States Federal income taxes, to foreign income taxes and the other income taxes shall be stated separately for each major component. Amounts applicable to foreign income (loss) and amounts applicable to foreign or other income taxes which are less than five percent of the total of income before taxes or the component of tax expense, respectively, need not be separately disclosed. For purposes of this rule, foreign income (loss) is defined as income (loss) generated from a registrant's foreign operations, i.e., operations that are located outside of the registrant's home country.
--------------------------------------------------------------------------------
Provide a reconciliation between the amount of reported total income tax expense (benefit) and the amount computed by multiplying the income (loss) before tax by the applicable statutory Federal income tax rate, showing the estimated dollar amount of each of the underlying causes for the difference. If no individual reconciling item amounts to more than five percent of the amount computed by multiplying the income before tax by the applicable statutory Federal income tax rate, and the total difference to be reconciled is less than five percent of such computed amount, no reconciliation need be provided unless it would be significant in appraising the trend of earnings. Reconciling items that are individually less than five percent of the computed amount may be aggregated in the reconciliation. The reconciliation may be presented in percentages rather than in dollar amounts. Where the reporting person is a foreign entity, the income tax rate in that person's country of domicile should normally be used in making the above computation, but different rates should not be used for subsidiaries or other segments of a reporting entity. When the rate used by a reporting person is other than the United States Federal corporate income tax rate, the rate used and the basis for using such rate shall be disclosed.
Paragraphs (h)(1) and (2) of this section shall be applied in the following manner to financial statements which reflect the adoption of Statement of Financial Accounting Standards No. 109, Accounting for Income Taxes.
The disclosures required by paragraph (h)(1)(ii) and by the parenthetical instruction at the end of paragraph (h)(1) and by the introductory sentence of paragraph (h)(2) of this section shall not apply.
The instructional note between paragraphs (h)(1) and (2) and the balance of the requirements of paragraphs (h)(1) and (2) shall continue to apply.
Warrants or rights outstanding. Information with respect to warrants or rights outstanding at the date of the related balance sheet shall be set forth as follows:
Title of issue of securities called for by warrants or rights.
Aggregate amount of securities called for by warrants or rights outstanding.
Date from which warrants or rights are exercisable.
Price at which warrant or right is exercisable.
[Reserved]
Related party transactions which affect the financial statements.
Related party transactions should be identified and the amounts stated on the face of the balance sheet, income statement, or statement of cash flows.
In cases where separate financial statements are presented for the registrant, certain investees, or subsidiaries, separate disclosure shall be made in such statements of the amounts in the related consolidated financial statements which are
eliminated and
not eliminated.
Also, any intercompany profits or losses resulting from transactions with related parties and not eliminated and the effects thereof shall be disclosed.
[Reserved.]
Repurchase and reverse repurchase agreements.
Repurchase agreements (assets sold under agreements to repurchase).
If, as of the most recent balance sheet date, the carrying amount (or market value, if higher than the carrying amount or if there is no carrying amount) of the securities or other assets sold under agreements to repurchase ("repurchase agreements") exceeds 10% of total assets, disclose separately in the balance sheet the aggregate amount of liabilities incurred pursuant to repurchase agreements including accrued interest payable thereon.
If, as of the most recent balance sheet date, the carrying amount (or market value, if higher than the carrying amount) of securities or other assets sold under repurchase agreements, other than securities or assets specified in (1)(ii)(B) of this section, exceeds 10% of total assets, disclose in an appropriately captioned footnote containing a tabular presentation, segregated as to type of such securities or assets sold under agreements to repurchase (e.g., U.S. Treasury obligations, U.S. Government agency obligations and loans), the following information as of the balance sheet date for each such agreement or group of agreements (other than agreements involving securities or assets specified in (1)(ii)(B) of this section) maturing (1) overnight; (2) term up to 30 days; (3) term of 30 to 90 days; (4) term over 90 days and (5) demand:
carrying amount and market value of the assets sold under agreement to repurchase, including accrued interest plus any cash or other assets on deposit under the repurchase agreements; and
the repurchase liability associated with such transaction or group of transactions and the interest rate(s) thereon.
For purposes of (1)(ii)(A) of this section only, do not include securities or other assets for which unrealized changes in market value are reported in current income or which have been obtained under reverse repurchase agreements.
If, as of the most recent balance sheet date, the amount at risk under repurchase agreements with any individual counterparty or group of related counterparties exceeds 10% of stockholders' equity (or in the case of investment companies, net asset value), disclose the name of each such counterparty or group of related counterparties, the amount at risk with each, and the weighted average maturity of the repurchase agreements with each. The amount at risk under repurchase agreements is defined as the excess of carrying amount (or market value, if higher than the carrying amount or if there is no carrying amount) of the securities or other assets sold under agreement to repurchase, including accrued interest plus any cash or other assets on deposit to secure the repurchase obligation, over the amount of the repurchase liability (adjusted for accrued interest). (Cash deposits in connection with repurchase agreements shall not be reported as unrestricted cash pursuant to Rule 5.02.1.)
Reverse repurchase agreements (assets purchased under agreements to resell).
If, as of the most recent balance sheet date, the aggregate carrying amount of "reverse repurchase agreements" (securities or other assets purchased under agreements to resell) exceeds 10% of total assets:
disclose separately such amount in the balance sheet; and
disclose in an appropriately captioned footnote:
the registrant's policy with regard to taking possession of securities or other assets purchased under agreements to resell; and
whether or not there are any provisions to ensure that the market value of the underlying assets remains sufficient to protect the registrant in the event of default by the counterparty and if so, the nature of those provisions.
If, as of the most recent balance sheet date, the amount of risk under reverse repurchase agreements with any individual counterparty or group of related counterparties exceeds 10% of stockholders' equity (or in the case of investment companies, net asset value), disclose the name of each such counterparty or group of related counterparties, the amount at risk with each, and the weighted average maturity of the reverse repurchase agreements with each. The amount at risk under reverse repurchase agreements is defined as the excess of the carrying amount of the reverse repurchase agreements over the market value of assets delivered pursuant to the agreements by the counterparty to the registrant (or to a third party agent that has affirmatively agreed to act on behalf of the registrant) and not returned to the counterparty, except in exchange for their approximate market value in a separate transaction.
Accounting policies for certain derivative instruments. Disclosures regarding accounting policies shall include descriptions of the accounting policies used for derivative financial instruments and derivative commodity instruments and the methods of applying those policies that materially affect the determination of financial position, cash flows, or results of operation. This description shall include, to the extent material, each of the following items:
A discussion of each method used to account for derivative financial instruments and derivative commodity instruments;
The types of derivative financial instruments and derivative commodity instruments accounted for under each method;
The criteria required to be met for each accounting method used, including a discussion of the criteria required to be met for hedge or deferral accounting and accrual or settlement accounting (e.g., whether and how risk reduction, correlation, designation, and effectiveness tests are applied);
The accounting method used if the criteria specified in paragraph (n)(3) of this section are not met;
The method used to account for terminations of derivatives designated as hedges or derivatives used to affect directly or indirectly the terms, fair values, or cash flows of a designated item;
The method used to account for derivatives when the designated item matures, is sold, is extinguished, or is terminated. In addition, the method used to account for derivatives designated to an anticipated transaction, when the anticipated transaction is no longer likely to occur; and
Where and when derivative financial instruments and derivative commodity instruments, and their related gains and losses, are reported in the statements of financial position, cash flows, and results of operations.
--------------------------------------------------------------------------------
Instructions to Paragraph (n)
For purposes of this paragraph (n), derivative financial instruments and derivative commodity instruments (collectively referred to as "derivatives") are defined as follows:
Derivative financial instruments have the same meaning as defined by generally accepted accounting principles (see, e.g., Financial Accounting Standards Board ("FASB"), Statement of Financial Accounting Standards No. 119, "Disclosure about Derivative Financial Instruments and Fair Value of Financial Instruments," ("FAS 119") paragraphs 5-7, (October 1994)), and include futures, forwards, swaps, options, and other financial instruments with similar characteristics.
Derivative commodity instruments include, to the extent such instruments are not derivative financial instruments, commodity futures, commodity forwards, commodity swaps, commodity options, and other commodity instruments with similar characteristics that are permitted by contract or business custom to be settled in cash or with another financial instrument. For purposes of this paragraph, settlement in cash includes settlement in cash of the net change in value of the derivative commodity instrument (e.g., net cash settlement based on changes in the price of the underlying commodity).
For purposes of paragraphs (n)(2), (n)(3), (n)(4), and (n)(7), the required disclosures should address separately derivatives entered into for trading purposes and derivatives entered into for purposes other than trading. For purposes of this paragraph, trading purposes has the same meaning as defined by generally accepted accounting principles (see, e.g., FAS 119, paragraph 9a (October 1994)).
For purposes of paragraph (n)(6), anticipated transactions means transactions (other than transactions involving existing assets or liabilities or transactions necessitated by existing firm commitments) an enterprise expects, but is not obligated, to carry out in the normal course of business (see, e.g., FASB, Statement of Financial Accounting Standards No. 80, "Accounting for Futures Contracts," paragraph 9, (August 1984)).
Registrants should provide disclosures required under paragraph (n) in filings with the Commission that include financial statements of fiscal periods ending after June 15, 1997.
Rule 1-02 -- Definition of Terms Used in Regulation S-X (17 CFR part 210)
--------------------------------------------------------------------------------
Unless the context otherwise requires, terms defined in the general rules and regulations or in the instructions to the applicable form, when used in Regulation S-X, shall have the respective meanings given in such instructions or rules. In addition, the following terms shall have the meanings indicated in this section unless the context otherwise requires.
Accountant's report. The term "accountant's report," when used in regard to financial statements, means a document in which an independent public or certified public accountant indicates the scope of the audit (or examination) which he has made and sets forth his opinion regarding the financial statements taken as a whole, or an assertion to the effect that an overall opinion cannot be expressed. When an overall opinion cannot be expressed, the reasons therefor shall be stated.
Attestation report on management's assessment of internal control over financial reporting. The term attestation report on management's assessment of internal control over financial reporting means a report in which a registered public accounting firm expresses an opinion, or states that an opinion cannot be expressed, concerning management's assessment of the effectiveness of the registrant's internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) or 15d-15(f)) in accordance with standards on attestation engagements. When an overall opinion cannot be expressed, the registered public accounting firm must state why it is unable to express such an opinion.
Attestation report on assessment of compliance with servicing criteria for asset-backed securities. The term attestation report on assessment of compliance with servicing criteria for asset-backed securities means a report in which a registered public accounting firm as required by Rule 13a-18(c) or Rule 15d-18(c) of this chapter, expresses an opinion or states that an opionion connot be expressed, concerning an asserting party's assessment of compliance with servicing criteria, as required by Rule 13a-18(b) or Rule 15d-18(b) of this chapter, in accordance with standards of attestation engagements. When an overall opinion cnnot be expressed, the registered public accounting firm must statewhy it is unable to express such an opinion.
Affiliate. An "affiliate" of, or a person "affiliated" with, a specific person is a person that directly, or indirectly through one or more intermediaries, controls, or is controlled by, or is under common control with, the person specified.
Amount. The term "amount," when used in regard to securities, means the principal amount if relating to evidences of indebtedness, the number of shares if relating to shares, and the number of units if relating to any other kind of security.
Audit (or examination). The term "audit" (or "examination"), when used in regard to financial statements, means an examination of the statements by an accountant in accordance with generally accepted auditing standards for the purpose of expressing an opinion thereon.
Bank holding company. The term "bank holding company" means a person who is engaged, either directly or indirectly, primarily in the business of owning securities of one or more banks for the purpose, and with the effect, of exercising control.
Certified. The term "certified," when used in regard to financial statements, means examined and reported upon with an opinion expressed by an independent public or certified public accountant.
Control. The term "control" (including the terms "controlling," "controlled by" and "under common control with") means the possession, direct or indirect, of the power to direct or cause the direction of the management and policies of a person, whether through the ownership of voting shares, by contract, or otherwise.
Development stage company. A company shall be considered to be in the development stage if it is devoting substantially all of its efforts to establishing a new business and either of the following conditions exists: (1) Planned principal operations have not commenced. (2) Planned principal operations have commenced, but there has been no significant revenue therefrom
Equity security. The term "equity security" means any stock or similar security; or any security convertible, with or without consideration, into such a security, or carrying any warrant or right to subscribe to or purchase such a security; or any such warrant or right.
Fifty-percent owned person. The term "50-percent-owned person," in relation to a specified person, means a person approximately 50 percent of whose outstanding voting shares is owned by the specified person either directly, or indirectly through one or more intermediaries.
Fiscal year. The term "fiscal year" means the annual accounting period or, if no closing date has been adopted, the calendar year ending on December 31.
Foreign business. A business that is majority owned by persons who are not citizens or residents of the United States and is not organized under the laws of the United States or any state thereof, and either:
More than 50 percent of its assets are located outside the United States; or
The majority of its executive officers and directors are not United States citizens or residents.
Insurance holding company. The term "insurance holding company" means a person which is engaged, either directly or indirectly, primarily in the business of owning securities of one or more insurance companies for the purpose, and with the effect, of exercising control.
Majority owned subsidiary. The term "majority-owned subsidiary" means a subsidiary more than 50 percent of whose outstanding voting shares is owned by its parent and/or the parent's other majority-owned subsidiaries.
Material. The term "material," when used to qualify a requirement for the furnishing of information as to any subject, limits the information required to those matters about which an average prudent investor ought reasonably to be informed.
Parent. A "parent" of a specified person is an affiliate controlling such person directly, or indirectly through one or more intermediaries.
Person. The term "person" means an individual, a corporation, a partnership, an association, a joint-stock company, a business trust, or an unincorporated organization.
Principal holder of equity securities. The term "principal holder of equity securities," used in respect of a registrant or other person named in a particular statement or report, means a holder of record or a known beneficial owner of more than 10 percent of any class of equity securities of the registrant or other person, respectively, as of the date of the related balance sheet filed.
Promoter. The term "promoter" includes:
Any person who, acting alone or in conjunction with one or more other persons, directly or indirectly takes initiative in founding and organizing the business or enterprise of an issuer;
Any person who, in connection with the founding and organizing of the business or enterprise of an issuer, directly or indirectly receives in consideration of services or property, or both services and property, 10 percent or more of any class of securities of the issuer or 10 percent or more of the proceeds from the sale of any class of securities. However, a person who receives such securities or proceeds either solely as underwriting commissions or solely in consideration of property shall not be deemed a promoter within the meaning of this paragraph if such person does not otherwise take part in founding and organizing the enterprise.
Registrant. The term "registrant" means the issuer of the securities for which an application, a registration statement, or a report is filed.
Related parties. The term "related parties" is used as that term is defined in the Glossary to Statement of Financial Accounting Standards No. 57, "Related Party Disclosures."
Share. The term "share" means a share of stock in a corporation or unit of interest in an unincorporated person.
Significant subsidiary. The term "significant subsidiary" means a subsidiary, including its subsidiaries, which meets any of the following conditions:
The registrant's and its other subsidiaries' investments in and advances to the subsidiary exceed 10 percent of the total assets of the registrant and its subsidiaries consolidated as of the end of the most recently completed fiscal year (for a proposed business combination to be accounted for as a pooling of interests, this condition is also met when the number of common shares exchanged or to be exchanged by the registrant exceeds 10 percent of its total common shares outstanding at the date the combination is initiated); or
The registrant's and its other subsidiaries' proportionate share of the total assets (after intercompany eliminations) of the subsidiary exceeds 10 percent of the total assets of the registrant and its subsidiaries consolidated as of the end of the most recently completed fiscal year; or
The registrant's and its other subsidiaries' equity in the income from continuing operations before income taxes, extraordinary items and cumulative effect of a change in accounting principle of the subsidiary exceeds 10 percent of such income of the registrant and its subsidiaries consolidated for the most recently completed fiscal year.
--------------------------------------------------------------------------------
Computational note: For purposes of making the prescribed income test the following guidance should be applied:
When a loss has been incurred by either the parent and its subsidiaries consolidated or the tested subsidiary, but not both, the equity in the income or loss of the tested subsidiary should be excluded from the income of the registrant and its subsidiaries consolidated for purposes of the computation.
If income of the registrant and its subsidiaries consolidated for the most recent fiscal year is at least 10 percent lower than the average of the income for the last five fiscal years, such average income should be substituted for purposes of the computation. Any loss years should be omitted for purposes of computing average income.
Where the test involves combined entities, as in the case of determining whether summarized financial data should be presented, entities reporting losses shall not be aggregated with entities reporting income.
--------------------------------------------------------------------------------
Subsidiary. A "subsidiary" of a specified person is an affiliate controlled by such person directly, or indirectly through one or more intermediaries.
Totally held subsidiary. The term "totally held subsidiary" means a subsidiary (1) substantially all of whose outstanding equity securities are owned by its parent and/or the parent's other totally held subsidiaries, and (2) which is not indebted to any person other than its parent and/or the parent's other totally held subsidiaries, in an amount which is material in relation to the particular subsidiary, excepting indebtedness incurred in the ordinary course of business which is not overdue and which matures within 1 year from the date of its creation, whether evidenced by securities or not, indebtedness of a subsidiary which is secured by its parent by guarantee, pledge, assignment, or otherwise is to be excluded for purposes of (2) herein.
Voting shares. The term "voting shares" means the sum of all rights, other than as affected by events of default, to vote for election of directors and/or the sum of all interests in an unincorporated person.
Wholly owned subsidiary. The term "wholly owned subsidiary" means a subsidiary substantially all of whose outstanding voting shares are owned by its parent and/or the parent's other wholly owned subsidiaries.
Summarized financial information.
Except as provided in paragraph (bb)(2), "summarized financial information" referred to in this regulation shall mean the presentation of summarized information as to the assets, liabilities and results of operations of the entity for which the information is required. Summarized financial information shall include the following disclosures:
Current assets, noncurrent assets, current liabilities, noncurrent liabilities, and, when applicable, redeemable preferred stocks (see Rule 5-02.28) and minority interests (for specialized industries in which classified balance sheets are normally not presented, information shall be provided as to the nature and amount of the major components of assets and liabilities);
Net sales or gross revenues, gross profit (or, alternatively, costs and expenses applicable to net sales or gross revenues), income or loss from continuing operations before extraordinary items and cumulative effect of a change in accounting principle, and net income or loss (for specialized industries, other information may be substituted for sales and related costs and expenses if necessary for a more meaningful presentation); and
Summarized financial information for unconsolidated subsidiaries and 50 percent or less owned persons referred to in and required by Rule 10-01(b) for interim periods shall include the information required by paragraph (bb)(1)(ii) of this section.
Appendix A--What Does "100% Owned" Mean Under Rule 3-10?
--------------------------------------------------------------------------------
Example No. 1: Parent company owns 100% of the voting shares of SubA. SubA owns 100% of the voting shares of Sub1.
Is SubA a 100%-owned subsidiary of the parent company? Yes.
Is Sub1 a 100%-owned subsidiary of SubA? Yes.
Is Sub1 an indirect, 100%-owned subsidiary of the parent company? Yes.
--------------------------------------------------------------------------------
Example No. 2: Parent company owns 100% of the voting shares of SubA. SubA owns 99% of the voting shares of Sub1. The remaining 1% of the voting shares of Sub1 is owned by a party that is not a 100%-owned subsidiary of the parent company.
Is SubA a 100%-owned subsidiary of the parent company? Yes.
Is Sub1 a 100%-owned subsidiary of SubA? No.
Is Sub1 an indirect, 100%-owned subsidiary of the parent company? No.
--------------------------------------------------------------------------------
Example No. 3: Parent company owns 99% of the voting shares of SubA. The remaining 1% of the voting shares of SubA are owned by a party that is not a 100%-owned subsidiary of the parent company. SubA owns 100% of the voting shares of Sub1.
Is SubA a 100%-owned subsidiary of the parent company? No.
Is Sub1 a 100%-owned subsidiary of SubA? Yes.
Is Sub1 an indirect, 100%-owned subsidiary of the parent company? No.
--------------------------------------------------------------------------------
Example No. 4: Parent company owns 100% of the voting shares of SubA and 100% of the voting shares of SubB. SubA owns 60% of the voting shares of Sub1 and SubB owns 40% of the voting shares of Sub1.
Is SubA a 100%-owned subsidiary of the parent company? Yes.
Is SubB a 100%-owned subsidiary of the parent company? Yes.
Is Sub1 a 100%-owned subsidiary of SubA? No.
Is Sub1 a 100%-owned subsidiary of SubB? No.
Is Sub1 an indirect, 100%-owned subsidiary of the parent company? Yes.
--------------------------------------------------------------------------------
Example No. 5: Parent company owns 100% of the voting shares of SubA. Parent company also owns 60% of the voting shares of Sub1. SubA owns 40% of the voting shares of Sub1.
Is SubA a 100%-owned subsidiary of the parent company? Yes.
Is Sub1 a 100%-owned subsidiary of SubA? No.
Is Sub1 an indirect, 100%-owned subsidiary of the parent company? Yes.
--------------------------------------------------------------------------------
Example No. 6: Parent company owns 99% of the voting shares of SubA. As required by the law in its home country, a director of SubA owns the remaining 1% of the voting shares of SubA. SubA owns 100% of the voting shares of Sub1.
Is SubA a 100%-owned subsidiary of the parent company? No.
Is Sub1 a 100%-owned subsidiary of SubA? Yes.
Is Sub1 an indirect, 100%-owned subsidiary of the parent company? No.
Note: This situation is discussed in the release. Under these facts, you may wish to request a no-action letter from the Division of Corporation Finance.
--------------------------------------------------------------------------------
Example No. 7: Parent company owns 100% of the voting shares of SubA. SubA has outstanding securities convertible into its voting shares. These convertible securities are held by a party that is not a 100%-owned subsidiary of the parent.
Is SubA a 100%-owned subsidiary of the parent company? No.
--------------------------------------------------------------------------------
Example No. 8: Parent company owns 100% of the voting shares of SubA. SubA has outstanding securities convertible into the parent company's voting shares. These convertible securities are held by a party that is not a 100%-owned subsidiary of the parent.
Is SubA a 100%-owned subsidiary of the parent company? Yes.
--------------------------------------------------------------------------------
Example No. 9: Parent company owns 100% of the voting shares of SubA. SubA has outstanding options exercisable into its voting shares. These options are held by a party that is not a 100%-owned subsidiary of the parent.
Is SubA a 100%-owned subsidiary of the parent company? No.
--------------------------------------------------------------------------------
Example No. 10: Parent company owns 100% of the voting shares of SubA. SubA has outstanding options exercisable into the parent company's voting shares. These options are held by a party that is not a 100%-owned subsidiary of the parent.
Is SubA a 100%-owned subsidiary of the parent company? Yes.
--------------------------------------------------------------------------------
Example No. 11: Parent company owns 100% of the common stock of SubA. SubA has a class of preferred stock outstanding.
That preferred stock is 100% owned by a party that is not a 100%-owned subsidiary of the parent company. The common equity has full voting rights. The preferred stock is non-voting.
Is SubA a 100%-owned subsidiary of the parent company? Yes.
--------------------------------------------------------------------------------
Regulatory History
trust me stinky...teds told some whoppers in his day....hes even broken some contracs along the way...i guess you could say him and frank are from the same mold.....
skunks...everyone laughed at him for buying up old movies too....good ol ted....you know how he got his start...his dad left him 99 year leases on all the billboards in and around atlanta....what a cash cow to parlay...he did good
is that all dk...wow ...thats no hill for a climber......sounds like hes gonna wallow in that for awile....why did he sell to begin with...
LMAOOOO REDDFOX....he dont know nothing...lolol...
CARVER...carriage will EARN the investors there upward movement in the pps.....
selfbroker....eastern
sorry reddfox.....got a little carried away there...lolol..i couldnt agree with that statement more...whoever said it...
OT...THERES A TV SHOW ON AT 10PM THAT DEPICTS WHERE THE BASHERS GET ALL THERE TRAINING...
ITS ON PBS AND ITS CALLED THE "RED/GREEN" SHOW.....FOR A ROLLING LAUGH FOR THE EVENING TUNE IN.....ITS ONE OF MY FAVORITE COMEDYS
MARILYN MONROE TO JFK ????...MONICA TO BILL
then franks not a criminal....just a percieved low life by the lilly white bashers....lmaoooo...next they will be saying frank spit on a sidewalk in oklahoma and he will get sued for that to...lolol
froy...the only recent lawsuit is firestone....all of the others have been heard...if frank was soooo bad he would be in jail but hes not so the judicial system seems to think there is some validity in letting him remain free.....that makes all the bashers wrong about frank...
by the way...were there any convictions or time served in all the suits....i dont think so....just more trash from the bashers...trying to make things worse than they really are....frivilous lawsuits are like frivilous bashers...it all ends up to be nothing,especially nothing to worry about as far a q is concerned
i think its at .0002 because of restricted shares being sold from years ago.