{"id":7740,"date":"2018-08-27T11:24:57","date_gmt":"2018-08-27T11:24:57","guid":{"rendered":"https:\/\/marc.deschenaux.com\/?p=7740"},"modified":"2023-05-14T20:40:12","modified_gmt":"2023-05-14T20:40:12","slug":"standard-documentation-of-a-securities-issuer","status":"publish","type":"post","link":"https:\/\/marc.deschenaux.com\/ru\/articles\/standard-documentation-of-a-securities-issuer\/","title":{"rendered":"\u0421\u0442\u0430\u043d\u0434\u0430\u0440\u0442\u043d\u0430\u044f \u0434\u043e\u043a\u0443\u043c\u0435\u043d\u0442\u0430\u0446\u0438\u044f \u044d\u043c\u0438\u0442\u0435\u043d\u0442\u0430 \u0446\u0435\u043d\u043d\u044b\u0445 \u0431\u0443\u043c\u0430\u0433"},"content":{"rendered":"
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After describing the Financing principle in a previous article, it is now time to describe the Standard Documentation of a Securities Issuer but I feel obliged to repeat the Disclosure Principle and the Disclosure Document.<\/p>

Disclosure<\/h2>

Who wants a Capital must provide to any Prospect without it requiring it. Any material information of such a nature as to enable it to form an exact and complete opinion or to be able to affect its judgment as an Investor.<\/p>

PROVIDING FALSE INFORMATION, OMITTING REAL INFORMATION, FAVORABLE OR NOT delays the process and exposes the infringer to civil liabilities and criminal sanctions<\/u><\/strong>.<\/p>

Standard Disclosure Documents<\/h2>

Investors expect the following documentation from an issuer seeking to raise funds from them:<\/strong><\/p>

  1. Complete Audited Financial Statements with Auditors’ notes<\/strong> from the day of incorporation of the company and if the company is older than 7 years, at least for the last three years.<\/li>
  2. a Short Summary<\/strong> of one or two pages to appraise quickly whether the investor has interest in investing in the securities issue of the Issuer.<\/li>
  3. a Website<\/strong> fully documented so that the investor can appreciate how the issuer is appearing to the public at large.<\/li>
  4. a Budget<\/strong>, as explained in my article, including Assumptions and Financial Projections<\/a> showing the expected financial results. Do not show the Investors only a shopping list of costs or YOu will not raise a dime.<\/li>
  5. a Disclosure Document <\/strong>that I will describe more in detail hereafter.<\/li><\/ol>

    The Disclosure Document<\/h2>

    The information is provided in the form of a Prospectus<\/strong> called a Disclosure Document<\/strong> describing the Issue, more or less complete, which may have several designations:<\/p>

    The Disclosure Document<\/strong> \u0438 Prospectus<\/strong> are generic terms.<\/p>

    The \u041a\u0440\u0430\u0442\u043a\u043e\u0435 \u0441\u043e\u0434\u0435\u0440\u0436\u0430\u043d\u0438\u0435<\/strong>, \u0410\u0431\u0441\u0442\u0440\u0430\u043a\u0442\u043d\u044b\u0439<\/strong> \u0438\u043b\u0438 Executive Summary<\/strong> is a summary which should be limited to determining the interest of the Prospect for Investment.<\/p>

    The PPM<\/strong>, Private Placement Memorandum<\/strong> \u0438\u043b\u0438 POM<\/strong>, Private Offering Memorandum<\/strong> are terms designating a prospectus describing a Private Issue.<\/p>

    The Preliminary Prospectus<\/strong> \u0438\u043b\u0438 Red Herring<\/strong> is a term designating a provisional prospectus (without Price or Issue Date) describing a Public Issue.<\/p>

    The Public Offering Prospectus<\/strong> is a term designating a prospectus describing a Public Offering.<\/p>

    The Support Documents<\/h2>
    1. a Business Plan<\/strong><\/a> detailed plan for setting up or developing a company or a project.

      A business plan should never be used to raise money.<\/p><\/blockquote><\/li>

    2. a Competition Analysis<\/strong> identifying competitors and evaluating their strategies to determine their strengths and weaknesses relative to those of the issuer’s product or service. A\u00a0competitive analysis is a critical part of the issuer’s marketing plan.<\/li>
    3. a Marketing Plan<\/li>
    4. an Action Plan<\/li><\/ol>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"

      After describing the Financing principle in a previous article, it is now time to describe the Standard Documentation of a Securities Issuer but I feel obliged to repeat the Disclosure Principle and the Disclosure Document. Disclosure Who wants a Capital must provide to any Prospect without it requiring it. Any material information of such a … \u0427\u0438\u0442\u0430\u0442\u044c \u0434\u0430\u043b\u0435\u0435<\/a><\/p>","protected":false},"author":1,"featured_media":7742,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"wds_primary_category":3,"footnotes":""},"categories":[3,49],"tags":[],"class_list":["post-7740","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-articles","category-beginners"],"_links":{"self":[{"href":"https:\/\/marc.deschenaux.com\/ru\/wp-json\/wp\/v2\/posts\/7740","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/marc.deschenaux.com\/ru\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/marc.deschenaux.com\/ru\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/marc.deschenaux.com\/ru\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/marc.deschenaux.com\/ru\/wp-json\/wp\/v2\/comments?post=7740"}],"version-history":[{"count":0,"href":"https:\/\/marc.deschenaux.com\/ru\/wp-json\/wp\/v2\/posts\/7740\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/marc.deschenaux.com\/ru\/wp-json\/wp\/v2\/media\/7742"}],"wp:attachment":[{"href":"https:\/\/marc.deschenaux.com\/ru\/wp-json\/wp\/v2\/media?parent=7740"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/marc.deschenaux.com\/ru\/wp-json\/wp\/v2\/categories?post=7740"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/marc.deschenaux.com\/ru\/wp-json\/wp\/v2\/tags?post=7740"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}