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Does anyone have experience with SEC filings by private companies that don't trade any where (not even OTC)?

What are the purposes of filing 10-Q or 10-K for those companies? How reliable are those filings compare to a public company?

 

Thanks in advance.

Posted
What are the purposes of filing 10-Q or 10-K for those companies?

 

In some cases, though they may not have publicly-traded equity, some private companies may have publicly traded debt that requires them to continue to file SEC financials.  BNSF is an example - its equity is 100% owned by BRK, but it has publicly traded debt and continues to file with the SEC.

 

wabuffo

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