LEARNING TIME CONTINUED..
In other words, for those who may not know, the Public Float is ALWAYS calculated on the last business day of the second fiscal quarter.
Why, you may ask?
Because the SEC wants to know if SCIE (and every company) will be filing as an accelerated filer. By calculating the float at the end of the second quarter, it gives the company enough time to figure out if they have to do this. SCIE does not.
All of this started back in the early 2000's when the SEC changed things around.
The cut off, I think, is around $80 million or less for the public float. Seeing SCIE has a float of less than $10 million, SCIE is considered a 'smaller reporting company'.
Lets get nerdy..
Go to SCIE's 10K.
Notice it says:
Notice the box is CHECKED due to this early 2000's rule.
So whats the purpose of all this? simply put... transparency. It allows the investor (us) to physically read on the 10K the size of the company, what they're up to, and whether or not they are an Accelerated filer, Non-Accelerated filer, or Smaller reporting company.
OOOoooh, this stuff is fun. So the next time you read a 10K, you can find this section and youll know why its there!
In other words, for those who may not know, the Public Float is ALWAYS calculated on the last business day of the second fiscal quarter.
Why, you may ask?
Because the SEC wants to know if SCIE (and every company) will be filing as an accelerated filer. By calculating the float at the end of the second quarter, it gives the company enough time to figure out if they have to do this. SCIE does not.
All of this started back in the early 2000's when the SEC changed things around.
The cut off, I think, is around $80 million or less for the public float. Seeing SCIE has a float of less than $10 million, SCIE is considered a 'smaller reporting company'.
Lets get nerdy..
Go to SCIE's 10K.
Notice it says:
Quote:Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act:
Notice the box is CHECKED due to this early 2000's rule.
So whats the purpose of all this? simply put... transparency. It allows the investor (us) to physically read on the 10K the size of the company, what they're up to, and whether or not they are an Accelerated filer, Non-Accelerated filer, or Smaller reporting company.
OOOoooh, this stuff is fun. So the next time you read a 10K, you can find this section and youll know why its there!
SpectraSCIENCE Inc. (SCIE) Stock Research Links
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There is a VERY HIGH degree of RISK involved in trading and investing. Only invest what you can afford to lose.
http://investorshangout.com/Joeys-Investment-Board-91611/
Invite Only
There is a VERY HIGH degree of RISK involved in trading and investing. Only invest what you can afford to lose.
Disclaimer:
As used herein, the terms "You" and "Your" shall mean you, individually, the reader, and each other party on whose behalf you may use the contained information at any time.
All references to "My", "I", and “The writer of the above post” shall refer to the creator of the username Joey68.
Do NOT invest unless you are prepared to sustain a total loss of the money you have invested plus any commission or other transaction charges.
There is a very high degree of risk involved in trading and investing. Past results are not indicative of future returns. I assume no responsibility for your trading and investment results. You should NOT rely on the information in the above post to make any decision or take any action.
ALL OF MY STATEMENTS, including but not limited to, POSTS, MESSAGES, PRIVATE MESSAGES, and RESPONSES are OPINION and NOT fact and are for entertainment purposes only. Do your own research and make your own decisions based on your own conclusions.
ALL OF MY STATEMENTS, including but not limited to, POSTS, MESSAGES, PRIVATE MESSAGES, and RESPONSES are NOT advice, and are NOT designed to substitute the expertise and judgment of a professional. It is your responsibility to seek investment advice during all stages of your investments. It is your responsibility to evaluate the accuracy, completeness and usefulness of the information in the above post.
I am NOT a professional.
I do NOT work for you.
My posts are NOT investment advice. I am not paid to post.
There is no correlation between the number of posts I write per day and your assumed success of a company.
It is NOT my responsibility to inform you of my own personal investment decisions.
It is NOT my responsibility to inform you when it is time for you to buy, hold, and/or sell a position.
I have no control over, and am not responsible for the actions of others who copy, store, edit, change, prepare any derivative work of or alter in any way any of the content provided in my posts.
Errors and Omissions expected. The writer of the above post accepts no liability or responsibility for any errors or omissions contained in the above post or contained within this Disclaimer.
The writer of the above post shall NOT accept any liability for the accuracy or completeness of the information contained in the above post, for any reliance placed by any person on the information contained in the above post, or for any damage or loss, however caused, in connection with the use or reliance on any information contained in the above post.
The above post may contain links to websites owned and operated by third parties. These links are provided for informational purposes only and are NOT endorsed by the writer of the above post. The writer of the above post has no control over the contents of any linked website and bears no responsibility for the accuracy, legality, or content of the external site or for that of subsequent links.
YOU ACCESS ALL LINKS ENTIRELY AT YOUR OWN RISK.
The writer of the above post makes no warranties or representations, express or implied about such linked websites, the third parties they are owned and operated by, or the information contained on these websites.
The writer of the above post accepts no liability for any damage or loss, however caused, in connection with the use of or reliance on any information, material, products, or services contained on or accessed through any such linked websites.
There is a VERY HIGH degree of RISK involved in trading and investing. Only invest what you can afford to lose.
