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Re: livinginstyle post# 92

Wednesday, 10/23/2013 5:44:22 AM

Wednesday, October 23, 2013 5:44:22 AM

Post# of 260
they are not going private they are going dark....“Going dark” and “going private” are sometimes mischaracterized and confused with one another. In fact, following a going private transaction (more later), an issuer will file a Form 15 in order to go dark. Going dark and going private both eliminate the obligation of an issuer to file periodic financial and other reports with the SEC, terminate the issuer’s obligations to comply with the most onerous provisions of SOX and relieve the issuer of the rules and regulations of its applicable stock exchange on which its shares were listed.