Moreover, Tier I offerings (up to $20 million) are not exempt from blue sky filings, which require issuers to file documentation with each state it plans to raise capital in.
The financial data in the report was taken from the companies' regulatory filings, which can differ from what is actually filed on a corporate tax return.
In the two week period between the end of March '07 and my presentation mid-April, my staff had begun to review the SEC 10K filings, which are the annual reports that companies file at the SEC.
The Edwards campaign declined to disclose the amounts raised or spent by the two similarly-named nonprofit agencies — the Center for Promise and Opportunity and the Center for Promise and Opportunity Foundation — since their 2005 tax filings, which are the most recent to have been filed.
But Briloff says what's particularly egregious is the fact that Tyco did not file with the SEC disclosure forms (known as 8K filings), which would have carried the exhibits setting forth the balance sheets and income statements of the acquired companies.
To measure weightings, Morningstar uses funds' most recent filings, which, of course, may be months old.
After the sales, it directly owned 11 million shares, said the filings, which were released Tuesday.
