While companies using the Rule 506 exemption do not have to register their securities and usually do not have to file reports with the SEC, they must file what is known as a "Form D" after they first sell their securities. Form D is a brief notice that includes the names and addresses of the company’s owners and stock promoters, but contains little other information about the company.
makes me ill to read the expense reports, even a line item for zip lock bags and printer ink which I am sure were not all used for XKEM business. Looks like ziploc bags were used to take some botanicals out of Nigeria.
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