Hey Olin, when you raise public debt and do RS's you have to file. otherwise the scam stops and you can be held personally liable. But if you stay current on your filings you can steal for years and years. Look at SFOR. A 15 year old company in the 900 Billion dollar WW software market and they do $60k per quarter in revenue. cumulative losses approaching $40 million, but management never changes. You think this is real?