Changes

Firms may also examine issues for [http://taft.law.uc.edu/CCL/33ActRls/rule701.html Rule 701 Compliance], conduct (one-stage) anti-dillution analysis, conduct (one-stage) liquidation preference analysis, compute the firm's fair market value, and build a wide variety of reports on the capital structure or transactions conducted upon the capital structure. (Note that by "one-stage" I mean that the data can be taken from the system and a single hypothetical analysis can be performed, and that it is not possible to temporarily store the changed capital structure that would result from the hypothetical analysis in order to conduct further hypothetical analysis. This does limit the usefullness of the tool with regard to simulation of the capital structure over time, such as for an exit analysis. SVB have recognised this limitation and are considering potential improvements [EJE]). No permanent record is kept of the one-stage analyses, or the reports produced.

The database contains 4032 firms records, of which 924 are 'blanks' which are created when people test or demo the system. There are additional firms named "X - In Conversion", "X - Expensing Only", and "X - Dissolved", (where X is string) that should be discarded. Thus there are a little under 3000 active firms on the system. Of these only 339 have completed some information on the firm beyond that which is required to maintain and use a record of the firm's capital structure. The database uses its own IDs (seperate from the CIF IDs mentioned above), but the firm name's are recorded directly from the Articles of Incorporation and should be sufficient to fully identify the firms.