Encounter Development Technologies Inc. (ENTI)

[Tavycal]

Companies that have $10 million in assets and 500 shareholders of record are currently required to register with the Securities and Exchange Commission (SEC) and are thus subject, among other things, to the SEC's periodic reporting requirements. While the $10 million threshold has been incrementally increased over the years from the $1 million level initially set in 1964, the 500 shareholder of record requirement has never been updated. Now, more than 40 years later, it is time to update the 500 shareholder threshold to somewhere between 1,500 and 3,000 shareholders of record.



http://www.aba.com/Issues/Issues_UpdatingSEC.htm