I think we are missing the point of the "effect" o
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Posted On: 09/09/2020 5:38:40 PM
I think we are missing the point of the "effect" of an 10-12G.
What changes when that form goes into effect? The company is required to be, as Joe has touted in NGIO PR's, a "fully reporting company with the SEC".
What is in effect is that they are required, from that "effective date" (60 days after the first 10-12G was out), to file quartly and annual reports, 8-K's, etc. - appropriate paperwork with the SEC. The registration in question from the title of the form (Initial Form for General Registration of Securities) is really with the company to the SEC.
What changes when that form goes into effect? The company is required to be, as Joe has touted in NGIO PR's, a "fully reporting company with the SEC".
What is in effect is that they are required, from that "effective date" (60 days after the first 10-12G was out), to file quartly and annual reports, 8-K's, etc. - appropriate paperwork with the SEC. The registration in question from the title of the form (Initial Form for General Registration of Securities) is really with the company to the SEC.
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