(Total Views: 387)
Posted On: 12/14/2021 3:23:11 AM
Post# of 1033
I'm so tired i created a reply and then closed the browser before posting the reply
the recent updated restatements of the bylaws and reg statements etc show ZNOG is settling in for the long haul-something usually only done if the co believes in a long haul- i.e. the possiblity of a discovery followed by along build out
updated reg statements are usually done where possible to help avoid personal liability to the board
all boards tend to freak out at the possibility of personal liability as if they are ignoring the purpose of umbrella liability policies
thus boards usually pass absolutely overbroad and unenforceable by law etc statements declaring no personal liability- one cannot legislate their own liability-that is set by the legislature as interpreted by the courts
including the above i see nothing unusual in the reg st -though such statements usually put me to sleep- and i dont know why a limit on receipts is declared which would on AVERAGE limit the offering pps to 10 dollars per share?
the recent updated restatements of the bylaws and reg statements etc show ZNOG is settling in for the long haul-something usually only done if the co believes in a long haul- i.e. the possiblity of a discovery followed by along build out
updated reg statements are usually done where possible to help avoid personal liability to the board
all boards tend to freak out at the possibility of personal liability as if they are ignoring the purpose of umbrella liability policies
thus boards usually pass absolutely overbroad and unenforceable by law etc statements declaring no personal liability- one cannot legislate their own liability-that is set by the legislature as interpreted by the courts
including the above i see nothing unusual in the reg st -though such statements usually put me to sleep- and i dont know why a limit on receipts is declared which would on AVERAGE limit the offering pps to 10 dollars per share?
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