$PSGR For those who wonder how a company can stay legally within the boundaries of the SEC, I suggest that a simple method is employed by many companies.
Press Releases are issued to provide shareholders with information that MAY of MAY NOT be relevant or 100% accurate. Companies get around the questionable Press Releases by referring to their 'Forward Looking Statements'. Weak???? Hell yes, BUT it is a CYA for any future occurrence they state as a possibility.
Another method to 'prove' that the company is active and advancing the company's goals is by acquisitions. There is no specific definition on the size or amount that an 'acquisition' has to meet. A company may invest less than, say, $2,000.00 to acquire a plot of land or a widget and then say that it is actively pursuing advancing the goals of the company (whatever the 'goals' are). The company can also go as far as offering and then resending an offer to another entity AND claim that the action was in the best interests of the company. In a nut shell, ALL the company has to do is initiate an action and issue a Press Release that 'something' can or may occur at an undefined future date. The company has then, by definition, kept its shareholders informed. If NOTHING happens, well then, shareholders should have realized that 'NOTHING' is 'Something' by definition....it IS an END RESULT. Screwed up??? Oh YEAH!!!! But that is how many companies keep from being investigated AND fined by the SEC.
Companies that have provided absolutely NOTHING to their shareholders over a period of years or decades can exist as long as they provide 'possible' results to their shareholders. Companies can fall back onto the latest 'technology failed' /OR/ "We had a change in senior management" /OR/ "We have gone from an R&D Company into an ACTIVE XXX company". All the excuses allow the company to give the finger to the shareholder while staying in compliance with SEC requirements.
With little or no respect to PSGR, despite the NOTHING (remember 'NOTHING' is 'Something'!!!) that has occurred for so long, I remain POSITIVE in life.
Press Releases are issued to provide shareholders with information that MAY of MAY NOT be relevant or 100% accurate. Companies get around the questionable Press Releases by referring to their 'Forward Looking Statements'. Weak???? Hell yes, BUT it is a CYA for any future occurrence they state as a possibility.
Another method to 'prove' that the company is active and advancing the company's goals is by acquisitions. There is no specific definition on the size or amount that an 'acquisition' has to meet. A company may invest less than, say, $2,000.00 to acquire a plot of land or a widget and then say that it is actively pursuing advancing the goals of the company (whatever the 'goals' are). The company can also go as far as offering and then resending an offer to another entity AND claim that the action was in the best interests of the company. In a nut shell, ALL the company has to do is initiate an action and issue a Press Release that 'something' can or may occur at an undefined future date. The company has then, by definition, kept its shareholders informed. If NOTHING happens, well then, shareholders should have realized that 'NOTHING' is 'Something' by definition....it IS an END RESULT. Screwed up??? Oh YEAH!!!! But that is how many companies keep from being investigated AND fined by the SEC.
Companies that have provided absolutely NOTHING to their shareholders over a period of years or decades can exist as long as they provide 'possible' results to their shareholders. Companies can fall back onto the latest 'technology failed' /OR/ "We had a change in senior management" /OR/ "We have gone from an R&D Company into an ACTIVE XXX company". All the excuses allow the company to give the finger to the shareholder while staying in compliance with SEC requirements.
With little or no respect to PSGR, despite the NOTHING (remember 'NOTHING' is 'Something'!!!) that has occurred for so long, I remain POSITIVE in life.
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