T.G.W., you said...
OK red whatever, tell us what fully reporting means to Global Games?
T.G.W., I'm sorry, but I refuse to do your DD. If you're too lazy to determine what "fully reporting" means to Global Games, that's your problem.
However, for everyone else's benefit (T.G.W., please shut your eyes - I'll let you know when you can open them again), SEC reporting requirements are outlined in the in the Securities Act of 1933 and the Exchange Act of 1934.
The Securities Act generally requires companies to give investors "full disclosure" of all "material facts," the facts investors would find important in making an investment decision. This Act also requires companies to file a registration statement with the SEC that includes information for investors. The SEC does not evaluate the merits of offerings, or determine if the securities offered are "good" investments.
The Exchange Act requires publicly held companies to disclose information continually about their business operations, financial conditions, and management's. These companies, and in many cases their officers, directors and significant shareholders, must file periodic reports or other disclosure documents with the SEC.
If a company is subject to the reporting requirements, it must file information with the SEC about:
-its operations;
-its officers, directors, and certain shareholders (including salary, various fringe benefits, and transactions between the company and management);
-the financial condition of the business (including financial statements audited by an independent certified public accountant); and
-its competitive position and material terms of contracts or lease agreements.
All of this information becomes publicly available when you file your reports with the SEC. As is true with Securities Act filings, small business issuers may choose to use small business alternative forms and Regulation S-B for registration and reporting under the Exchange Act.
What will change?
Hopefully, we won't have to deal with you anymore! ;-) Seriously, more information will be available to the market place. More information means less risk. Since investors require a ROI on the assumption of risk (depression of price), the reduction of that risk will result in a higher priced security (except in the unlikely event that the release of information to the marketplace actually increases risk to the investor).
What do they have to file and to whom? I am ready to learn.
Once again, I refuse to do you DD. Please close your eyes again while I explain what is required. At a minimum, a fully reporting company must file periodic form 10s with the SEC. Presently, I believe all companies (I could be wrong here, I've been out of the game a few years) are required to file their form 10s via EDGAR (Electronic Data Gathering and Retrieval system). Form 10-K is the official audited financial report and narrative which publicly owned companies must file annually with the SEC. It shows assets, liabilities, equity revenues, expenses, and so forth. It is a reflection of the corporation's condition at the close of the business year, and the results of operations for that year. Form 10-Q contains interim information that is "material"--important for investors to know. These must be filed quarterly with the SEC. The 10-K is due 75 days after the close of the fiscal year for which it entails. The 10-Q is due 45 days after the end of the fiscal quarter to which it entails. Other forms may be required depending upon the circumstances. Form 8-K is current report required to be filed with the SEC if a certain specified event occurs, such as: a change in control of the registrant, acquisition or disposition of assets, bankruptcy or receivership, or other material event. Form 8-K is required to be filed within 15 days of the event. Form S-1 is the basic registration form used to register securities offerings.
I am sure that you will answer with another flip, insulting remark...
Insulting?!?! Why...I would never... I just thank the Lord above that YOU never resort to insulting anyone on this thread!
... since you have already proven that is the only way that you can answer.
Actually, proving a null hypothesis is impossible! Let's assume for a moment that I haven't yet answered a question with anything but a "flip, insulting remark." Just because I haven't yet done so is not, in and of itself, proof that "is the only way that (I) can answer." Perry Mason would have a field day with you!
Apparently do not have access to the facts.
Who needs access to the facts? All I need to do is read your glorious posts!
For your edification it is absolutely not against the law to release quarterly results to the public and stockholders at the same time.
Just for the record, I never said it was. However, from a practical standpoint, trying to time an e-mail delivery with a press release is about the stupidest thing a company could do!
Of course GLOw doesn't have to worry about the SEC, they simply haven't released the results to ANYONE for past quarters or years. Tell me about that with all of your SEC training.
There are several ways a company could qualify for exempt status from SEC reporting. I look upon their non-reporting status as an incredible opportunity!
I have never tried to pass myself off as an expert in investing.
Trust me! No one ever mistook you for an "expert in investing."
Never has been the issue.
Never said it was!
Hyping this stock is the issue...
Aren't we a little myopic!
..., not saving anyone, not bashing, just stating the facts.
What facts? O.K... O.K... I admit...occasionally, you sprinkle in a fact or two with your posts. But your posts are so chalk full of innuendo, discrepancies, misinformation and downright falsehoods, your credibility has gone up in a cloud of smoke!
And like jack Nicholson said "You can't stand the facts".
Actually, the quote was "You can't handle the truth!"
us.imdb.com
want to discuss the facts about GLOw, start!
I don't have any desire to discuss GLOW facts with you. I would, however, love to discuss GLOW facts with someone who is skeptical, yet doesn't have an agenda. (If you go through life afraid to challenge your beliefs, convictions, ideals, etc., you become weak.) You don't fit the bill!
P.S. Not a bad post Red only took you 24 hours to put it together.
I know! I had my crack team waiting at the keyboard and I put them to work as soon as your post came in. You see, I have nothing else going on in my life except reading and responding to posts on this thread. You can tell my commitment to it...I've actually even though about buying a subscription!
BTW, SI only lets us freeloaders post three times a day. I met my limit on Friday prior to your post showing up.
Yoou have an excellent grasp of the facts.
I know! I only wish I could say the same about you. Too bad you are so close minded on GLOW and have no desire to stick to only facts. I'd love to carry on a real debate with you!
Good luck on all of your other investments!
...later...
GO BIG RED!! |
