Replies to post #9822 on Theralink Technologies Inc (THER)

[learningcurve2020]

But isn't it amazing that a company does not need to consult with their shareholders on such a move. Looks to be finished.

[learningcurve2020]

Looks like it's a shell now. Big Al's specialty.

>>The reporting requirements are detailed in the Securities Exchange Act of 1934. They are extensive and can be burdensome for small publicly-listed firms. Some of these experience very little trading of their stock on the public exchange. Ownership may be dominated by a single family or by a small group of investors. For such circumstances, the benefits of being a public company may simply not be worth the time, money, and effort of preparing and filing periodic reports to the SEC.


>>As soon as the voluntary Form 15 is filed, the company is no longer required to make the principal filings required by the SEC. These include the annual reports on Form 10-K, quarterly reports on Form 10-Q, and current reports on Form 8-K.