Only if there are confidentiality agreements of sorts...
Try again. The non-KMAGinary path would be:
Form 10 with audited financials filed on EDGAR.
Subsequent 10Qs generated, along with a 10K.
MM sponsors a 211. Maybe even successfully.
The brand new KMAGinary path being suggested:
Form 10 with audited financials never filed.
Audited financials can't be released because of a "confidentiality agreements of sorts", where the MM demands the audited financials not be released. Another market first.
MM sponsors a KMAGinary 211, which never appears.
How convenient...
Call for CEO Jeffy to release the audited financials. Can't do it because of a KMAGinary "confidentiality agreements of sorts".
Call for CEO Jeffy to actually file the Form 10 to EDGAR. Nope, that wouldn't do, because it would contain audited financials released to the public. Can't do it because of a KMAGinary "confidentiality agreements of sorts".
And when a 211 never goes into effect, a call for CEO Jeffy to explain why it hasn't. You guessed it: Can't do it because of a KMAGinary "confidentiality agreements of sorts".
Again yet another set up where CEO Jeffy is given a PASS, when nothing happens. Mythical "confidentiality agreements of sorts" with a MM explains everything, when nothing happens.