Global Platinum & Gold (GPGI) Message Board

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Gold/Mining/Energy : Global Platinum & Gold (GPGI)

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To: Bruce A. Thompson who wrote (8649)	11/25/1998 5:18:00 PM
From: Harry Roberts	Read Replies (1) of 14226

Just to close the loop on the reporting definitions and such... Global is no longer a 'designated' security because it is 'fully-compliant' with basic financial disclosure laws required to keep it from being designated. However, being 'fully-compliant' is a lesser burden by far than being 'fully-reporting,' which most on this thread correctly understand to mean quarterly SEC filings and earnings reports. Global doesn't need to be fully-reporting until it gets to NASDAQ, but it is 'fully-compliant' because it publishes basic summary financials once a year, and this keeps it from being a 'designated security'. Another point: If Global does not make current basic financials available once per year, it falls out of 'compliance', and those holding restricted stock shares are not allowed to sell them until the company comes back into compliance. So you can expect GPFI to always try to stay in compliance for the benefit of the silent majority holders of restricted stock who wish to sell. How's that for a lesson? Any questions? Harry

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