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Global Technologies GTGP
Posted On: 11/07/2012 1:05:38 AM
Post# of 1536
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Posted By: sevenOdouble


Quote:

Subsidiaries and joint ventures of publicly traded companies (for example, General Motors [GTGP is public] & Saturn Corporation [GTHI is private]), unless shares in the subsidiary itself are traded directly, have characteristics of both privately held companies and publicly traded companies. Such companies are usually subject to the same reporting requirements as privately held companies



GTGP is public, GTHI is private, and such companies are subject to the same reporting requirements as privately held companies!  = no 8K needed!!

And this part pertains to Q & K reports: 

Quote:

but their assets, liabilities and activities are also included in the reports of their parent companies, as required by the accountancy and securities industry rules relating to groups of companies.




The consolidated financial reports have to include both the assets, liabilities & activities etc of the private & public entity! 

Its impossible to spin this otherwise!! ;-( 
When still in doubt, contact a securities lawyer, accountant, investment banker!! 

All is good for GTGP'ers & no desperation with us 













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