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The following suggestions may be of some assistance to an issuer in filling out an application for Registration using a Form U-7, Form RL, or a Registration by Qualification (RQ).
The "RISK FACTORS" section should disclose all risks (in order of importance) associated with the following:
The following examples of RISK FACTORS may be of some assistance:
The "USE OF PROCEEDS" section should list all of the offering expenses and then all of the major uses of the "Net Proceeds". Some possible examples of net proceeds are:
You should use footnotes to provide further explanation, when necessary.
The "FINANCIAL STATEMENTS" must always be prepared according to Generally Accepted Accounting Principles (G.A.A.P.). In some cases the financial statements must be audited within 3 months of the filing date. In all cases, the financial statements must be either "Reviewed" or "Audited" and audited financial statements should always be provided annually to the shareholders.