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needsomestock

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needsomestock

Re: None

Friday, 03/06/2020 11:28:43 AM

Friday, March 06, 2020 11:28:43 AM

Post# of 24522
Anything, something, huh?

From a legal standpoint, if ELGL wants to spin off assets to anyone else, don't they need to report that they actually have the assets to begin with?

(that was the problem with PRED's snafu on the Form 10, forgot to announce acquisitions, which delayed filing, the rest is history)

Just because you are non-reporting, don't listen to the lawyers and suggest there is nothing to report. In order to do the more complex transactions, like filings, audits, asset sales, there needs to be a paper trail.

Time to get to work.......
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