Whats funny to me is the SEC requirement, that if there is under 300 shareholders, a company does not have to report.
But some guy gets drunk, stumbles into a brokerage, and buys stock in that company, then the company must start reporting.
It did not matter prior, that the 300 shareholders were told anything. 300 people do not matter.
Something to be said, " For drunks."
Onward & Upward
Americans trying to make the investment world honest, one step at a time