REVERSE TAKEOVER Definition

REVERSE TAKEOVER can occur in different forms: 1. a smaller corporate entity takes over a larger one.; 2. a private company purchases a public one; or, 3. a method of listing a private company while bypassing most securities regulations, whereby which a shell public company buys out a functioning private company whose management then controls the public company.

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DEFICIENCY is a shortcoming in an internal control or an opportunity to strengthen internal controls.

ET is Earliest Time.

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