The Need For Clear Communications From Purism

Of which there may be exactly one!

In passing, condition (3) is very unlikely to be satisfied. Whether in the annual report or in a special purpose report, it is most likely to be addressing condition (1).

In addition, someone may argue that existing material publicly available on the web site is adequate to satisfy the requirements arising out of condition (1). It’s not like we don’t know what objectives Purism is devoting expenditure towards (and we aren’t even shareholders).

Not pretending to know US Washington state law but here for private companies there is no requirement to make financial reports publicly available.

The only requirement is that a company does not trade while insolvent. That typically therefore requires the directors to “reasonably believe that the company will be able to pay its debts as and when they become due and payable” or words to that effect.

1 Like