Discover and read the best of Twitter Threads about #subsidiaries

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Exactly four weeks since war escalated dramatically on Feb 24. This morning, I read every company "current report" (#SEC #EDGAR #8K) filed since that day with #Russia, #Ukraine, or #Belarus mentioned. I'll be sharing observations through the morning, esp. re: #tech or #finance
1/ I am struck by how few companies have disclosed thus far. For example, in prior research, I noted that 140 companies disclosed material #Russian #subsidiaries and #JVs in 2021 via 10-K Exhibit 21: medium.com/@michael.bomma…
2/ There have been, in total, 154 mentions of RU - many of which are simply blanket disclosures of risk related to OPEC+, which includes Russia. And many companies have manufacturing or personnel as disclosed in 10-Ks, even without "material" sub's or JVs
Read 31 tweets
2021 has been exciting! We’ve signed our first customer for our maiden flight, reached crucial milestones in our launcher development & our #community grew rapidly. So we want to quickly introduce ourselves to our new followers and recap with the long-time #supporters ⬇️ 1/12
RFA was founded in 2018 to disrupt the #NewSpace industry and match the emerging demand for launch opportunities for small #satellites by providing launch services that are reliable, highly customizable, low-cost and deliver the payloads precisely to the desired orbit. 2/12
Our launch vehicle #RFAONE is a 30m high and 2m wide 3-staged rocket, launching satellites of up to 1350 kg into polar orbits/up to 450 kg into GTO. The main structural elements consist of tanks made of a special stainless steel, which becomes very tough at #cryogenic temp. 3/12
Read 12 tweets

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