Posted On: 02/17/2014 1:54:01 PM
Post# of 41414
Re: The Lieutenant #2200
That's an interesting question... I'll give you my angle, if I were Bobby:
If you and a group of presumably affluent businesspeople just gave a very large amount of money to a publicly traded penny stock, would you want that information publicized in an SEC filing for anyone to see? OF COURSE NOT!
Now, from Baltia's point of view:
There's no way to know for certain that some unexpected or unforeseen expense won't arise after the release of a Form 8-K prior to certification, so the company has no incentive to put itself in a position to where it might make an ass of itself by accidentally lying in the 8-K and saying it received enough $$$ to get certified. I don't think investors would be happy about that.
So when I look at what each party has to lose by releasing a Form 8-K, it becomes difficult to justify it. The last thing Bobby needs is for his name to be on a publicly searchable database on the SEC website, and Baltia doesn't want to risk giving more ammo to the bashers...
What do you think Baltia will do?
If you and a group of presumably affluent businesspeople just gave a very large amount of money to a publicly traded penny stock, would you want that information publicized in an SEC filing for anyone to see? OF COURSE NOT!
Now, from Baltia's point of view:
There's no way to know for certain that some unexpected or unforeseen expense won't arise after the release of a Form 8-K prior to certification, so the company has no incentive to put itself in a position to where it might make an ass of itself by accidentally lying in the 8-K and saying it received enough $$$ to get certified. I don't think investors would be happy about that.
So when I look at what each party has to lose by releasing a Form 8-K, it becomes difficult to justify it. The last thing Bobby needs is for his name to be on a publicly searchable database on the SEC website, and Baltia doesn't want to risk giving more ammo to the bashers...
What do you think Baltia will do?
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