InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,469.30
(
0.39%
)
US TECH 100
19,174.00
(
1.14%
)
Dow Jones
39,112.16
(
-0.76%
)
Brent Oil
84.64
(
0.54%
)
Bitcoin
61,694.72
(
-0.16%
)
Post# of 96905
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (2) Keep Next 10 Report Keyboard Shortcuts
Replies (2) Next 10 Prev Next

007Roger

Send PM Follow Ignore
Followers 5
Posts 139
Boards Moderated 0
Alias Born 04/10/2010

007Roger

Re: None

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

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

Post# of 96905
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/




Public Reply Private Reply New Post
Keep Last Read
Replies (2) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (2) Next 10 Prev Next

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.

Sign Up