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How Many Investors Is Too Many?

The SEC is reconsidering the 500-shareholder threshold for when private companies must publicly disclose financial information.

Sarah Johnson, CFO.com | US
May 17, 2011

Response to Thomas Selling

Mr. Selling, Thank you for your response, and for giving more specifics on which companies can "go dark" than what the article provides.

Posted by Sarah Johnson | May 18, 2011 01:33 pm

Going dark

Factual correction: A company may not "go dark" --when the number of shareholders dips below 500 (as stated in the article) unless it also has less than $10 million in assets. If it has more than $10 million in assets, it cannot terminate its filing duties unless the number of shareholders dips below 300.

Posted by Thomas Selling | May 18, 2011 01:24 pm

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