RE:RE:RE:RE:RE:RE:LG PAID 2ND TRANCHE IN ACQUIRING FREIA FARMACEUTICI ITALYWow duck, way to pick one tiny point to try to mislead people again, I’m so sick of you trying to create confusion by creating “negative claims” (I can’t provide the document as it doesn’t exist, so ducks statement must be taken as true).
Private companies (a private company is not publicly traded on any stock exchange. ) They have no obligation to make any filing’s public, to people or to other corporations, including financial reports.
If the company is public (has had an IPO [Initial Public Offering] and is traded on any stock exchange. The exchanges require a variety of releases to be made public including financial filings to be posted and anyone who owns stock has the right to review these documents. Each exchange is slightly different on what qualifies as necessary to post and some countries have laws requiring certain documentation to be publicy posted by public companies as well. Italy has no law requiring financial reports to be made public.
Publicly traded companies are required to make their financials available and third party verified such as by CSA as a requirement as a result of being listed on a stock exchange.
Your point is all companies are required to “file” their financials. This is private between the company and the government. I can’t look at your tax “finanacial” report, I can’t look at that little corner stores financial report and a competing business can’t look at your private business’ financial report.
Stop misleading people, if you have negative points on LGC I welcome them if they are made truthfully and in an open and discussable format. You’re twisting key points to try to justify leaps of faith, misdirection or just plain lying.
https://www.dummies.com/business/accounting/comparing-financial-reports-from-private-and-public-businesses/ If you wish to see your specific stock exchange requirements for posting, this will be available on that specific stock exchanges main webpages.
If you actually read your link "
https://www.italiancompanyformations.com/services/accounting-and-tax-services/. Which is a third party lawyers firm sale ptich, not the actual
Registro delle Imprese website. They go over audit requirements for public and private italian companies. buit here is the actual website with what Freia is required to make public as a
Italian private limited companies (societ a responsabilit limitata )
https://www.registroimprese.it/ricerca-libera-e-acquisto?p_p_id=ricercaportlet_WAR_ricercaRIportlet&p_p_lifecycle=0&p_p_state=normal&_ricercaportlet_WAR_ricercaRIportlet_pageToken=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJleHAiOjE1NjQ1ODk3MjEsImNvdW50IjoyNTB9.R_wuxYuoJhyVpj6huTStXD9vEMnAx79cJbOxe3G7fUA Just go away you troll.
DecoyDuck July 29, 2019 11:38 am
"they don’t have to publicly release any financial statements"
Might as well put you straight on this as well.
All companies in Italy have to file annual accounts whether they are public or private. So Freia having filed nothing since 2016 is a huge red flag.