InvestorsHub Logo
Followers 3
Posts 44
Boards Moderated 0
Alias Born 12/09/2016

Re: None

Tuesday, 01/08/2019 7:43:41 AM

Tuesday, January 08, 2019 7:43:41 AM

Post# of 37358
Well, they do not tell us anything that we do not know, except that Shi farms is a project of the company and that they have some ace up its sleeve as FTR says.

They accept this rule to not give more information:

"We may take advantage of these provisions for up to five years or such earlier time that we no longer qualify as an emerging growth company. We would cease to be an emerging growth company if we have more than $1.07 billion in annual revenue, have more than $700 million in market value of our capital stock held by non-affiliates or issue more than $1.0 billion of non-convertible debt over a three-year period. We may choose to take advantage of some but not all of these reduced reporting burdens. For example, we intend to take advantage of the reduced reporting requirements with respect to disclosure regarding our executive compensation arrangements, have presented only two years of audited financial statements and only two years of related “Management’s Discussion and Analysis of Financial Condition and Results of Operations” disclosure in this prospectus, and have taken advantage of the exemption from auditor attestation on the effectiveness of our internal control over financial reporting. To the extent that we take advantage of these reduced reporting burdens, the information that we provide stockholders may be different than you might obtain from other public companies in which you hold equity interests.


In addition, under the JOBS Act, emerging growth companies can delay adopting new or revised accounting standards until such time as those standards apply to private companies. We have elected to avail ourselves of this exemption from new or revised accounting standards and, therefore, we will not be subject to the same new or revised accounting standards as other public companies that are not emerging growth companies."

It is one more step and very important.
Now the most important thing is to see how many shares will be issued if authorized by the SEC.

But the exciting thing is to see that they have an interesting business in hand



Join the InvestorsHub Community

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.