Re: The SEC, and matters of the 10K
I just got off the phone with the SEC's corporation finance division. 202-551-2000/202-551-6500. (I was referred to this number after speaking with someone from the SEC's enforcement division yesterday. Yesterday's conversation was long, and informative, but I did not get the sense that there is anything alarming concerning CSHD, although they seemed to be aware of it. My impression of things have changed over the last few days, concerning this topic. I don't have any verifiable information on this topic, except that the SEC may be receiving complaints or questions, and may be in a fact gathering mode. This is all an assumption.)
Today I found out facts about the 10K filing process: The 10k filing process is nearly instantaneous. When a company, such as CSHD, files their 10K, it will become available to the public within an hour or so after being submitted and filed. There is not an SEC review process prior to filing. There is an SEC review process after filing, which may, or many not occur, and this is according their own, non-public, disgression and method.
Therefore, unless we see a 10K now, listed, then nothing has been submitted to the SEC. Moreover, the independent auditor verifies the information that is in the financial statements of the 10K, but not all the information in the 10k.
Additionally, if there are military contracts, or "matters of national security" involved in the business described in the 10K, the 10K filing process is still the same. The only difference is that descriptive parts can be kept out of the public eye. But the 10K will be available, nearly instantaneously, the moment the SEC receives it.
HAVE
Odysseus crossed the river of Styx. He asked Achilles if it was worth trading his life to have his 'name' live forever. Achilles replies: "I would rather be the slave of a slave on earth, then to live here in Hades..." --Homer's The Illiad
