NJ are you a rookie? really? This statement is made by every company that is publicly traded. A factual statement about how Pinks are able to "hide" certain actions is that pinks are not required to file with the SEC but are required to file with the state's Sec of State that they were incorporated in. Most pinks do not have a T/A (LTDI does) and when they make statements those should be checked against any documents filed with their Sec of State.
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