Quoting Ted-- As a private company Innova/Pasca d
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Posted On: 05/11/2021 7:04:53 PM
Quoting Ted--
As a private company Innova/Pasca does not have to report their sales, revenues or earning publicly and does not impact QMC's reporting in accordance with the SEC regulations.
Even with NDAs with Innova, QMC as a public company is required to publicly announce their financials results per the SEC schedule. At most the NDAs would make QMC leave Innova's name out of their reports, but the actual sales and revenue numbers must be included. QMC can't hide the actual numbers.
Read More: https://investorshangout.com/post/view?id=613...z6ubFqRHP5
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I am fascinated by the idea that QMC when it decides to report to SEC must disclose revenue and financials required, but we may not know Innova's revenue and sales at the same time. QMC would still be bound by existing NDAs not to reveal any Innova secrets agreed to in the NDA.
I could make a case that Innova should report their sales so potential clients can see how big and successful they are, but Innova has done very well so far, outside the USA, in making sales in its low-key personal approach.
On the other hand, I can make a case that it is more important for QMC to release more information than just SEC requirements, to give investors more information to decide to invest in QTMM and drive the price up. In this case it benefits Innova because they own half the company and profit from QTMM moving up.
As a private company Innova/Pasca does not have to report their sales, revenues or earning publicly and does not impact QMC's reporting in accordance with the SEC regulations.
Even with NDAs with Innova, QMC as a public company is required to publicly announce their financials results per the SEC schedule. At most the NDAs would make QMC leave Innova's name out of their reports, but the actual sales and revenue numbers must be included. QMC can't hide the actual numbers.
Read More: https://investorshangout.com/post/view?id=613...z6ubFqRHP5
--
I am fascinated by the idea that QMC when it decides to report to SEC must disclose revenue and financials required, but we may not know Innova's revenue and sales at the same time. QMC would still be bound by existing NDAs not to reveal any Innova secrets agreed to in the NDA.
I could make a case that Innova should report their sales so potential clients can see how big and successful they are, but Innova has done very well so far, outside the USA, in making sales in its low-key personal approach.
On the other hand, I can make a case that it is more important for QMC to release more information than just SEC requirements, to give investors more information to decide to invest in QTMM and drive the price up. In this case it benefits Innova because they own half the company and profit from QTMM moving up.
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