well that and they don't have to have a 10 K report which can reveal more about the true state of a company that they wish to be public. in other words, you can

well that and they don't have to have a 10 K report which can reveal more about the true state of a company that they wish to be public. in other words, you can go and stand before crowds all day and make glowing promises and reports but up against the SEC and investors you best damn have your ducks in a row. there is a lot of additional reporting for publicly traded companies and that is a good thing.