4 ms·
"On August 23, 2021, the Company purchased a 12% ownership interest in Watch Nebula LLC for $6,000." Surely this must be 6 million USD. I first thought this is
by weinzierl 2y ago
"On August 23, 2021, the Company purchased a 12% ownership interest in Watch Nebula LLC for $6,000."
Surely this must be 6 million USD. I first thought this is a typo, but it is like that in the original SEC filing. Is this some convention I am just oblivious about?
- noname120 2y agoFrom the SEC FORM D[1]: > Total Amount Sold $6,000,000 USD You're referring to the note 2 of the prospectus supplement no. 12[2]. It indicates the following at the top of the notes section: > (in thousands, except share and per share data) [1] https://www.sec.gov/Archives/edgar/data/1881238/000188123821000001/xslFormDX01/primary_doc.xml https://www.sec.gov/Archives/edgar/data/1881238/000188123821... [2] https://www.sec.gov/Archives/edgar/data/1776909/000121390021058727/ea150369-424b3_curiosity.htm https://www.sec.gov/Archives/edgar/data/1776909/000121390021...
- WorldMaker 2y agoA lot of Corporate financial reports have a baseline of $1k, $10k, $100k or sometimes even $1 million that their figures and charts never have reason to drop below (or are just taken as rounding errors) anywhere in the report and so they just establish the baseline early in the report and all numbers are relative to that. It seems like Curiosity Stream's report was using a $1k baseline and you just multiply all the financial numbers by 1,000.