Datacenters: Colocation vs. Cloud
-
And a private company disclosing has no SEC oversight so you have to take their disclosure with a grain of salt as there is no one checking to make sure that what they disclose is accurate or the full story.
-
A private company can have a billion in the bank (and some do) and no one can tell for sure. It's not like a reporter calls up your bank and asks how much cash you have and they just tell them.
-
In Government all of ours was public either posted publicly or through FOIA but, good luck knowing exactly what was used for what. They use codes and IDs to cover up what a lot of things are. Payband codes etc. So you never really know.
-
@thecreativeone91 said:
In Government all of ours was public either posted publicly or through FOIA but, good luck knowing exactly what was used for what. They use codes and IDs to cover up what a lot of things are. Payband codes etc. So you never really know.
Oh sure, government finances are normally required to be public. But companies are typically private. Private companies also tend to be small. The Fortune 1000 is almost exclusively public. Public, nearly by definition, are larger, but not necessary. There are private firms in the Fortune 1000, even in the top 100, that disclose publicly by choice just to get listed for whatever value that gets them (there is value, not saying there isn't, just not real clear on what it is.)
But there are also private firms out there bigger than many of the Fortune 1000 that are not listed because no one knows how big they are. NTG isn't big, but if we became a billion dollar company overnight (ha!) we wouldn't be listed in Fortune because Fortune would have no access to the data to determine how big we are.
-
You mean like all Hostipals who make some of the biggest $$ in america, yet are 501(c)3 non profits. yeah makes sense.
-
@thecreativeone91 said:
You mean like all Hostipals who make some of the biggest $$ in america, yet are 501(c)3 non profits. yeah makes sense.
No, private firms and non-profits are different. I don't know how the reporting works for a non-profit. I thought that all non-profits were public but I've never run one or set one up so have no idea. Can't speak to what non-profits do.
For profit corporations. Those filed with LLC, Corp S or Corp C (and not Corp B) in the US. These are the potential private company types.
-
@scottalanmiller said:
@thecreativeone91 said:
You mean like all Hostipals who make some of the biggest $$ in america, yet are 501(c)3 non profits. yeah makes sense.
No, private firms and non-profits are different. I don't know how the reporting works for a non-profit. I thought that all non-profits were public but I've never run one or set one up so have no idea. Can't speak to what non-profits do.
For profit corporations. Those filed with LLC, Corp S or Corp C (and not Corp B) in the US. These are the potential private company types.
Yes, I know. I was referring to the fortune 1000. 501(c)3's are public as required by the IRS. If they don't release the information to you, you can report them to the IRS. Hospitals are mostly nonprofit 501(c)3's but have some of the biggest money in america.
-
@thecreativeone91 said:
@scottalanmiller said:
@thecreativeone91 said:
You mean like all Hostipals who make some of the biggest $$ in america, yet are 501(c)3 non profits. yeah makes sense.
No, private firms and non-profits are different. I don't know how the reporting works for a non-profit. I thought that all non-profits were public but I've never run one or set one up so have no idea. Can't speak to what non-profits do.
For profit corporations. Those filed with LLC, Corp S or Corp C (and not Corp B) in the US. These are the potential private company types.
Yes, I know. I was referring to the fortune 1000. 501(c)3's are public as required by the IRS. If they don't release the information to you, you can report them to the IRS. Hospitals are mostly nonprofit 501(c)3's but have some of the biggest money in america.
Yeah, that makes sense. Bit this little Scottish company is very likely private and that profit / debt info is likely completely false.
-
All limited companies in the UK, whether privately owned or publicly owned, have to submit annual accounts to companies house UK.
They can't fake those records. You can order copies of a companies accounts from the very body which issues company numbers.
http://wck2.companieshouse.gov.uk/@scottalanmiller said:
Yeah, that makes sense. Bit this little Scottish company is very likely private and that profit / debt info is likely completely false.
If I bother to pay the admin fee, I can tell you for a fact if they are true or not.
-
@Breffni-Potter said:
All limited companies in the UK, whether privately owned or publicly owned, have to submit annual accounts to companies house UK.
They can't fake those records. You can order copies of a companies accounts from the very body which issues company numbers.
http://wck2.companieshouse.gov.uk/Wow, totally different than the US. A private company is considered a private person and their financial data is sacred.
-
@Breffni-Potter said:
If I bother to pay the admin fee, I can tell you for a fact if they are true or not.
Interesting. How much does that cost?
-
@scottalanmiller said:
Wow, totally different than the US. A private company is considered a private person and their financial data is sacred.
No matter if it has 1000 directors or just 1, everything must be disclosed to companies house.
If you try and BS me by saying you have millions in infrastructure that you own and control as a company, I can quickly call your bluff, much better system, honesty is the best policy.
-
@scottalanmiller said:
Interesting. How much does that cost?
£1 per document.
So if I want all 4 years of accounts, £4.
Shall I order one and see if their figures stand up?
-
@Breffni-Potter said:
@scottalanmiller said:
Wow, totally different than the US. A private company is considered a private person and their financial data is sacred.
No matter if it has 1000 directors or just 1, everything must be disclosed to companies house.
If you try and BS me by saying you have millions in infrastructure that you own and control as a company, I can quickly call your bluff, much better system, honesty is the best policy.
I agree that honesty is good. But this is a question of transparency, not honestly. Transparency might promote honesty, but they aren't one and the same.
-
@scottalanmiller Yes I agree.
Still, comes in very useful when filtering through BS that you get.
Again, if I was to really push them, I'd ask my contacts at Roland if they have ever heard of these guys.
-
What all data is included in there? All their bank data? Their loans? Pay rates of employees? List of employees?
-
Can't remember off the top of my head, I'll order one just for curiosity.
-
@Hubtech We offer ESXI as a service. Sorry for the late response.
-
@Breffni-Potter said:
Can't remember off the top of my head, I'll order one just for curiosity.
Yeah, for one pound it would be interesting to see.
-
For example, in the US you can't even get a list of investors. I think you can get the executives, the necessary people for legal contact, but that is pretty much it. Just the declared responsible parties.
