CarolinaBlueEyes Posted August 15, 2006 Report Share Posted August 15, 2006 .. anyone else receiving a plethora of privacy notices from NCO.. I have recieved three this week... any clue on what is going on with this...??thanks Link to comment Share on other sites More sharing options...
Greg Posted August 15, 2006 Report Share Posted August 15, 2006 NCO Ceo Michael Barrist, along with other investors is buying out the company. What this means is that it will go from a publicly traded company (one where people buy stock in it) to a privately held company. I have tried to figure why Mr Barrist would spend so much money to buy up the stock and make the company a private company. My best guess is that a private company dosen't have to disclose where all it's money comes from to the SEC (annual reports, 10-k & 8-k filings, etc) and to shareholders so it's easier to hid shady activities (not that NCO ever would do anything shady Now, about the privacy disclosures, basically the company is changing ownership, so that may be why all the disclosures. Don't know this for a fact, it's just an educated guess.Curious if anyone has any inside info on this. I too am dealing with Nations' Crappiest Organization (NCO). Link to comment Share on other sites More sharing options...
CarolinaBlueEyes Posted August 16, 2006 Author Report Share Posted August 16, 2006 that makes sense.. well a private company also can go as an LLC which limits the liability in lawsuits... and since they have had more then a few under their belt that totally makes sense. Link to comment Share on other sites More sharing options...
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