beltedclear - Hi bissetboy - can you post (off topic?) for someone who is ignorant of how non-listed companies work, re golden pocket.....do the investors simply hold a percentage of privately held shares (& warrants?) - if so, how many are there, and do people sell them to one another / does GP have any kind of valuation to its investors/sahreholders?

Well, I'm not bissetboy, but I can tell you how this works. It varies with the company, but for the most part they are similar to publicly traded ones, excepting small differences. In general, investors hold a number of shares and/or warrents in the company. The number of shares out is determined by the initial shareholder agreement, and from that point on by the board of governers, same as in a publicly traded company. Shares can be sold. These are carried out in private transactions. Often, privately held companies will have rules regarding such sales in that owners must first offer their shares for sale to the other shareholders before offering their shares to an outside party.

As for the valuation... that would be difficult in a company like Golden Pockets that doesn't produce any revenue. I guess it could be determined by the last share sale and the number of shares out, plus some amount for assets held. The board might offer such estimates in its reports to its shareholders, but is not necessarily required to.

I hope this helps.