Heres a little investopedia. "Understanding S-3 F
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Posted On: 01/31/2020 7:26:45 PM
Heres a little investopedia.
"Understanding S-3 Filings
When a company wants to raise capital by making a public offering, it registers the securities by undergoing an S-3 filing. The S-3 form must be filed immediately if the goal is to make an offering in the near-term. Securities registered using the S-3 form is only for U.S.-based companies a year after they complete their IPOs."
So don't take this as gospel but the s3 did say cydy gets none of the proceeds. So some larger shareholders are registering their shares to be part of an offering? Is this getting formalities taken care of to be ready for uploading? I don't know but it kinda seems that way. Again, I am not an SEC guru by any stretch. Had to Google what an S3 filing was for, the SA post that just came out made it sound like some large shareholders are offering their shares as part of an offering. This isn't cydy I don't think.
"Understanding S-3 Filings
When a company wants to raise capital by making a public offering, it registers the securities by undergoing an S-3 filing. The S-3 form must be filed immediately if the goal is to make an offering in the near-term. Securities registered using the S-3 form is only for U.S.-based companies a year after they complete their IPOs."
So don't take this as gospel but the s3 did say cydy gets none of the proceeds. So some larger shareholders are registering their shares to be part of an offering? Is this getting formalities taken care of to be ready for uploading? I don't know but it kinda seems that way. Again, I am not an SEC guru by any stretch. Had to Google what an S3 filing was for, the SA post that just came out made it sound like some large shareholders are offering their shares as part of an offering. This isn't cydy I don't think.
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