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24/11/23
07:49
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Originally posted by TheOldGuy
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American stock companies have certain disclosure obligations. According to federal regulations, they must disclose all relevant financial information. In addition to financial data, companies must disclose their analysis of their strengths, weaknesses, opportunities, and threats.The SEC and stock exchange disclosure rules are designed to ensure that the securities markets receive information about significant events that could affect the trading prices of the securities of public companies, so that investors have timely access to sufficient information.The SEC develops and enforces disclosure requirements for all companies registered in the U.S. Companies listed on the major U.S. exchanges must follow SEC regulations.The SEC requires specific disclosures because the selective release of information disadvantages individual shareholders. For example, insiders can use material non-public information for personal gain at the expense of the general investing public.The SEC requires that all publicly traded companies prepare and issue two disclosure-related annual reports, one for the SEC itself and one for the company’s shareholders. These reports are filed as documents called 10-Ks and must be updated by the company when events materially change.
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Take it up with AKE management.
They put the info into the Scheme Book.
Or do you say AKE management put the wrong facts into the Scheme Book?
Interesting....
In this case, I would definitely vote AGAINST the merger!