Re: [BTC-TC] Virtual Community Exchange w/ Options, DRIP, 2FA, API, CSV, etc.
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Traditional accounts - of the type pasted earlier by yourself - are only really relevant for some types of businesses. Why, for example, should I provide them for things like pass-throughs? All that matters on those is that:
a) I hold enough of the underlying asset to back the shares I issue myself.
b) I pass on any/all received dividends (minus any fee detailed in the contract).
c) I meet any other commitments defined in the contract (such as any provisions regarding redemption or exchanging for underlying assets).
The actual cash-flow is entirely irrelevant and not the business of investors in any event.
Traditional accounts - of the type pasted earlier by yourself - are only really relevant for some types of businesses. Why, for example, should I provide them for things like pass-throughs? All that matters on those is that:
a) I hold enough of the underlying asset to back the shares I issue myself.
b) I pass on any/all received dividends (minus any fee detailed in the contract).
c) I meet any other commitments defined in the contract (such as any provisions regarding redemption or exchanging for underlying assets).
The actual cash-flow is entirely irrelevant and not the business of investors in any event.
Not sure, what the problem is. Your Co is not the one listed, you listed a PT aka Depository Receipt. It's like a ADR DR (PT) hast to show reports from underlying Co.
Hopefully you do not decide to DR junk, that can not keep their numbers straight
BTW, this was just an example. Your account structure can and probably is different but some stuff is always there.
If issuer asks for someone else money and is "too busy" (read: full of shit or juts clueless) to show how raised coin is used, just let's not list this crap.
Businesses in BTW lala-land are so simple, there can not be any excuses.