Replies to post #149649 on DD Support Board and Research Team

[janice shell]

So in summary PMCB being a 33 is exempted from any accountability to its SHs?

No. They're merely--like all Securities Act companies--not bound by the SEC's proxy rules. And their insiders don't have to file Forms 3, 4, and 5.

[integral]

S-3s are a short form registration and usually clear comments quicker than an S-1. I would use it, but they have to stay current and not miss a report with in the prior 12 months to remain eligible.

But yah, S-3 is a good option for these companies.

If I am missing something, I can ask the better half at night. Spouse was Director of SEC and International Reporting for an NYSE company for a year. Knows the ins and outs of financial filings much better than I do.