rsadey: nwau: The form 10 is an application form. See the link in my previous post. As a pinksheeter they currently do not have many filing requirements. In order for them to move up to BB status they must file the form 10. The merger with the existing BB does not require them to disclose what would be in the form 10. If this was a NASDAQ or Exchange listed company then you would be correct in your statement about standards. BB is a very loose set of standards to follow.
Best thing is to read the questions in the form 10 and you will see the possible things that could effect the acceptance of the filing. "Certain relationships and related transactions" could open a can of worms for some companies.
If they do a registration of securities in the future with the new BB company, then it is possible that disclosure of certain things would have to be included. The entire process is an end run around the normal "going public" process.
However, it does not have to make sense. You could submit two identical filings to the SEC for different companies and each filing goes to a different examiner. It will most likely come back with different sets of comments and objections if any.
I know this all seems strange. They have actually tightened up the rules for all this, as it used to be a much less regulated process. Scammers used to have an easier time. (not implying that NWAU is scamming!)
Signatures are so yesterday!
