Itonis Inc (ITNS)

[Beamer00]

Here's a little documentation for investors that should help clear up some misinformation. Why do companies "go dark" by filing an SEC Form 15?

Here's a great presentation provided by Ellenoff Grossman & Schole LLP. http://www.egsllp.com/GoingDark.ppt ;

The "Going Dark" presentation lists these benefits for filing a Form 15: 

1. Significantly lower operating costs 
2. No SOX 404 compliance 
3. Management can focus more on the business 
4. Reduces potential liability for officers and directors 
5. D & O insurance costs will likely decrease 
6. Shares can still trade on the Pink Sheets 
7. Less public scrutiny and disclosure 
8. More confidentiality regarding business activities 
9. Simplified corporate governance 
10. Greater freedom to explore extraordinary corporate transactions



Credit goes to inzane. Thanks!