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Posted On: 07/28/2021 1:13:23 PM
Post# of 22462
"So the question should be, Why did Mr. Squires take the extra step to appear before a Judge with information on a 10Q to be "REDACTED" and to be kept sealed by Court Order for 10 Years??????"
Because the Exhibit attached to the 10-Q was the India Licensing Agreement, which contained "information qualifies as confidential commercial or financial information". Basically prices and royalty percentages.
No appearance before a judge, just submit a request along with the 10-Q and the SEC responds. Pretty routine.
Document is not "sealed", it is posted on EDGAR with just a few numbers missing.
https://www.sec.gov/Archives/edgar/data/14035...ex10-1.htm
Because the Exhibit attached to the 10-Q was the India Licensing Agreement, which contained "information qualifies as confidential commercial or financial information". Basically prices and royalty percentages.
Quote:
(a) Royalty Amounts. Subject to the terms and conditions of this Agreement, in consideration of the rights and licenses granted herein, the Licensee shall pay to the Licensor a royalty equal to [**Confidential Treatment Requested] percent ([**Confidential Treatment Requested]%) of Gross Sales (collectively, the “Royalty”).
No appearance before a judge, just submit a request along with the 10-Q and the SEC responds. Pretty routine.
Document is not "sealed", it is posted on EDGAR with just a few numbers missing.
https://www.sec.gov/Archives/edgar/data/14035...ex10-1.htm
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