Spotlight Capital Holdings Inc (SLCH)

[bg1641]

that's a good find LL, I glossed over that the last time I read the DOT's CAC application pamphlet.

here's the paragraph you are probably referring to, starting at the top of page 22:

Balance sheets and income statements of the applicant and all relevant corporations, together with their accompanying explanatory footnotes (including a description of the company's significant accounting policies, such as for depreciation, amortization of intangibles, overhauls, unearned revenues, and cost capitalization), for the three most recent calendar or fiscal years, and for a period ending no more than three months prior to the date of filing. This requirement may be met by the submission of financial statements, preferably audited, or 10K and/or 10Q reports filed with the Securities and Exchange Commission.

let's dissect it a little, particularly the last sentence I find poorly worded.

This requirement may be met by the submission of financial statements, preferably audited, or 10K and/or 10Q reports filed with the Securities and Exchange Commission.

to me it doesn't read like the company must produce the SEC filings to meet the requirement. However, I'm sure that the latter looks better than the former to the DOT.