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Monday, May 24, 2021 10:41:27 AM
"GOING DARK Considerations, Process and Timing
Corporate and Securities Update
November 2010 (No. 8)
Clearly, the most significant reason cited for “going dark” is the cost of being a public company. “Going dark” also reduces any liability of directors and officers going forward for violations of the Sarbanes-Oxley Act. In addition, de-registration reduces the burden on management of regulatory compliance and frees up management time to devote to running the company and think more strategically about long term goals without having to manage operations on a quarter by quarter basis due to market expectations. Also, the elimination of disclosure obligations eliminates the necessity of disclosing certain business information that could put the company at a competitive disadvantage. Further, if the exchange on which the company’s stock is traded is not efficient, the market may not be a true indicator of value of the company. De-registration provides additional flexibility on the corporate governance side since a company will no longer have to comply with all the corporate governance measures dictated by the exchanges and describe these policies in SEC disclosure documents. Finally, de-registration permits the company to maintain more control over its shareholder base.""
Please tell me why any CEO would reply to or want to make any public comments about his company, with shareholders making comments about the company and his personal status like some shareholders on this site do to an access. Comments of these natures, do not help a company or other shareholder looking forward to new investor getting involved in the company
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