Quote Originally Posted by Urbanized View Post
Few if any privately held companies would agree to have detailed financials added to the public record (as is their right). Many would walk from the negotiation the minute they learned that sharing their financials publicly is a prerequisite.
I'm not sure if public disclosure of detailed financials, like P&Ls and shareholder equity, would be necessary to gain a little more transparency in the process. I get why that would be of concern to a privately held entity, but some sort of public disclosures should at least be expected if an entity is asking for public assistance. In other words, if they want to stay private, stay private.