Understand your point, but operations, incoporations, and filing addresses being in different places is nothing new in the corporate world. Look at hundreds of other organizations and you will find the same thing. Many file for incorporation in other states to take advantage of laws, benefits or lower cost of incorporation. As far as the R/S I understand that generally they are never good, I agree that reducing the O/S could have been done in a better manner. Remember that much of what happens in pinkland doesn't make much sense. Question is what is the cash needed for and what will the outcome of the R/S vs. audit be....