U.S. Aerospace, Inc (USAE)

[ProfitScout]

The company has given the reasons below for their action to file the Form 15 last wek. USAE stock will continue to trade as always and the success of the company will still depend on securing new aerospace contracts which they are working on.
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The Board of Directors considered many factors in making this decision, including the following:

The non-confidential nature of being a public company, and resulting limitations on the Company's ability to conduct business;
The cost associated with preparing and filing periodic reports and other filings with the SEC; and
The demands placed on management to comply with SEC reporting obligations, which detract them from the time available for overseeing the Company's operation and growth.