Red herring is a preliminary registration statement describing the issue (the IPO) and prospects of the company that must be filed with the SEC or provincial securities commission. There is no price or issue size stated in the red herring. Red Herring's are sometimes updated several times before it is called the final prospectus. It is known as a red herring because it contains a statement typed in red that the company is not attempting to sell their shares before the registration is approved by the SEC.
When running a small business it is very important to lay out a plan of where your business is, what would you like to bring to the world through your business, where you want to take it and plan t... [ more... ]
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Susie enjoys being in business for herself. She just wants to change her business focus. "I'm a computer graphic designer. I enjoy using a computer to create things. I design brochures and bus... [ more... ]