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joepcf

03/07/13 8:20 AM

#15920 RE: game7alcs #15919

The short version. To become a reporting company you have to bring all previous business filings and financials up to date. The problem Dan has is that the time and effort it would take to retrieve some of the much older information needed to be compliant would be difficult and very possibly unable to obtain either. So he is going to go this route actually a win win for all parties..... I am not privy to all of the details of Dans deal or the structure he is proposing other than to say the current shareholders will not be diluted to zilch like most of these deals. In fact we should get a nice price appreciation when all is said and done..
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CharlesNet

03/07/13 9:42 AM

#15923 RE: game7alcs #15919

isn't the S-1 files to become a reporting company.

No, it only means the company is requesting to list more shares. http://www.investopedia.com/terms/s/sec-form-s-1.asp#axzz2MrgsfIxi