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007Roger

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007Roger

Re: None

Sunday, 10/18/2020 8:53:43 PM

Sunday, October 18, 2020 8:53:43 PM

Post# of 96920
Any chance we have 500 shareholders and could the value of the Chanbond and its patent rights exceed 10 million, if so here is something to consider:

“A private company must file financial reports with the SEC when it has more than 500 common shareholders and $10 million in assets, as set by the Securities and Exchange Act of 1934. Congress passed this act so that private companies that reach the size of public companies and acquire a certain mass of outside ownership have the same reporting obligations as public companies.”

https://www.dummies.com/business/accounting/what-kind-of-financial-statements-do-private-companies-have-to-file/




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