Post by Ret-flyr on Mar 24, 2005 1:19:56 GMT -5
www.investorshub.com/boards/read_msg.asp?message_id=5838443
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In Defense of CMKX, and the humor of SEC Regulations:
Yes, I own a Pink Sheet public stock company and everthing has been fine, having just 300 shareholders.
Then one day a guy buys a lottery ticket, wins alot of money. He proceeds to get drunk, and stumbles into a brokerage house. The broker sells him some stock in my company.
Now having 301 shareholders, I must become full reporting, and this guy, is going to get reports on my company. The other 300 shareholders, will now be getting reports.
It did not matter, prior to this drunk, that 300 people did not need to know anything, but now it matters.
So, if you own a small public stock company, and you think you have less than 300 shareholders, perhaps the next time your in a bar, holler out, "Has anybody bought or sold stock in my company today?"
I NEED TO KNOW !!!
Feel free to mail this to CMKX, or the SEC
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In Defense of CMKX, and the humor of SEC Regulations:
Yes, I own a Pink Sheet public stock company and everthing has been fine, having just 300 shareholders.
Then one day a guy buys a lottery ticket, wins alot of money. He proceeds to get drunk, and stumbles into a brokerage house. The broker sells him some stock in my company.
Now having 301 shareholders, I must become full reporting, and this guy, is going to get reports on my company. The other 300 shareholders, will now be getting reports.
It did not matter, prior to this drunk, that 300 people did not need to know anything, but now it matters.
So, if you own a small public stock company, and you think you have less than 300 shareholders, perhaps the next time your in a bar, holler out, "Has anybody bought or sold stock in my company today?"
I NEED TO KNOW !!!
Feel free to mail this to CMKX, or the SEC