Warrant filings measured against the SEC's own plain English
rule — 17 CFR 230.421. Not a readability
formula out of a schoolbook: every parameter traces to a line the
Commission wrote, and the method is published in full so anyone can run the
same measurement and get the same number.
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What the grades mean
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The worst we have graded
Every ticker links to that company's own page on EDGAR, so
any line here can be checked against the document it came from.
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What a grade is not. It measures how a document is written. It is
not a finding that any rule was broken — that is the Commission's to
decide and nobody else's. It is not a view on any company, its business or
its share price, and it is not a recommendation to buy or sell anything.
Why a document is written this way is not measured here and is not
asserted.
And what the sample is. These are filings that carried warrant
financing language, which is what this wire watches. They are not a sample
of SEC filings generally and must not be described as one.
See it done on one company
Every filing, the people who signed them, and what
shareholders have lost — on the company whose filings we have read
every one of.