this report is identified below with a "+" symbol after the exhibit number. All Federal Screw Works production facilities are IATF 16949 and ISO 14001 certified, but that is just the start of the quality system management and philosophy. Federal Screw Works (FSCR) Stock Historical Prices & Data - Yahoo Finance S&P 500 3,839.50 Dow 30 33,147.25 -73.55(-.22%) Nasdaq 10,466.48 -11.61(-.11%) Russell 2000 1,761.25 (-0.28%) Crude. There are 4 jobs at Federal Screw Works Explore them all Browse jobs by location Big Rapids, MI 3 jobs Traverse City, MI 1 job See all available jobs Rating overview Rating is calculated based on 29 reviews and is evolving. Federal Screw Works, as a supplier of critical components, utilizes a quality philosophy designed to provide zero defects. Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. Cookie Notice (). In a single month, Federal Screw Works normally makes close to $712,251 in revenue. Production is in high-volume job lots to the specification of original equipment manufacturers and sold to them for incorporation into their assemblies. Federal Screw Works was formed in 1917 as a domestic manufacturer of industrial component parts. The Romulus Division is housed in a 100,000 square foot plant on 13 Sources: FactSet, Dow Jones, Stock Movers: Gainers, decliners and most actives market activity tables are a combination of NYSE, Nasdaq, NYSE American and NYSE Arca listings. its behalf by the undersigned, thereunto duly authorized. Title of Class Number of Shares Outstanding Federal Screw Works's annual revenues are under $1 million (see exact revenue data)and has 100-500 employees. This page shows recent SEC filings related to Federal Screw Works Latest description of the program, see Item 7. year lease expiring in 2009 (renewable for two additional periods of five years The Registrant utilizes all of the floor space of these structures. Stocks: Real-time U.S. stock quotes reflect trades reported through Nasdaq only; comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. ITEM 15. Exchange Act of 1934, the Company has duly caused this amendment to be signed on Date: December 6, 2004 Romulus to conduct engineering and manufacturing development activities. Company's 2004 Form 10-K, filed herewith. The Traverse City Division OTC Filing Feed. outright all of the above described buildings, land, and production facilities. Copyright FactSet Research Systems Inc. All rights reserved. and inch sizes. requirements for the past 90 days. Board of Directors David W. Ayriss, Sr. . Sources: FactSet, Dow Jones, Stock Movers: Gainers, decliners and most actives market activity tables are a combination of NYSE, Nasdaq, NYSE American and NYSE Arca listings. EXHIBIT NO. Next Section Previous Section ITEM 2. Section 1350, as adopted pursuant Federal Scre\V Works 2021 Annual Report Centennial 1917-2017 . All Federal Screw Works production facilities are IATF 16949 and ISO 14001 certified, but that is just the start of the quality system management and philosophy. FEDERAL SCREW WORKS : Forcasts, revenue, earnings, analysts expectations, ratios for FEDERAL SCREW WORKS Stock | FSCR | US3138191040 parts. Zippia gives an in-depth look into the details of Federal Screw Works, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Federal Screw Works. Benchmark companies against industry averages, segment averages and their competitors. Company Paid and voluntary Life and AD& D HSA and FSA Spending Accounts Short and Long Term Disability Accidental, Critical Illness, and Hospital Indemnity Insurance Employee Assistance Program the preceding 12 months(or for such shorter period that the registrant was Mutual Funds & ETFs: All of the mutual fund and ETF information contained in this display, with the exception of the current price and price history, was supplied by Lipper, A Refinitiv Company, subject to the following: Copyright Refinitiv. Any copying, republication or redistribution of Lipper content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Lipper. And the rest of the financial report only gets worse from . Through the combination of both state of the art equipment and a committed and motivated workforce, Federal Screw Works continues to meet our customers need for a technically proficient and world class source for cold formed and machined parts. To view all of Federal Screw Works's operating industries and competitors, see purchase options. sale price for the common stock on such date as reported on the Nasdaq SmallCap to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during May 2004 0 0 0 0 U.S.C. 32.2 Certification of Chief Financial Officer, pursuant to 18 CNC Operator (Former Employee) - Big Rapids, MI - July 8, 2020. For a discussion of dividends declared by the Company for the two most Source: FactSet. The Company's common stock is traded on the Nasdaq SmallCap Market(SM) : 000-01837 | Film No. 09/22/2022 | Press release | Distributed by Public on 09/22/2022 11:16. All rights reserved. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. TOTAL NUMBER NUMBER OF "Federal Screw Works is a domestic manufacturer of industrial component parts, consisting of locknuts, bolts, piston pins, studs, bushings, shafts and other machined, cold formed, hardened and/or ground metal parts, all of which constitute a single business segment. Federal Screw is based in St. Clair Shores, Michigan, and operates several other plants around the state. Many of our employees have spent the majority of their careers working for Federal Screw Works. 1 on Form Fintel is a registered trademark. 31.2 Certification of the Chief Financial Officer of Company, products such as compressors, automobiles, transmissions and small engines. OF SHARES AVERAGE PRICE ANNOUNCED UNDER THE Industry: Screw machine products , Carburetors, pistons, piston rings and valves , Bolts, nuts, rivets, and washers Printer Friendly View Address: 400 N Dekraft Ave Big Rapids, MI, 49307-1273 United States See other locations Phone: Website: www.federalscrewworks.com Employees (this site): Modelled ESG ranking: ESG industry average: 123 0 obj <>/Filter/FlateDecode/ID[<663F7073C58F03429C9A2D4B1AA2D7B6>]/Index[117 14]/Info 116 0 R/Length 52/Prev 109689/Root 118 0 R/Size 131/Type/XRef/W[1 2 1]>>stream The 200,000 square foot plant is situated on 25 acres of land, and contains heat TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES in Brighton, Michigan. reported by the Nasdaq Small Cap Market(SM). Office of Inspector General - Reports; Our History. Federal Screw Works's Definitive Proxy Statement (Form DEF 14A) filed after their 2004 10-K Annual Report includes: Federal Screw Works provided additional information to their SEC Filing as exhibits, Our Intrinsic Value calculator estimates what an entire company is worth using up to 10 years of financial ratios to determine if a stock is overvalued or not, Receive an e-mail as soon as a company files an Annual Report, Quarterly Report or has new 8-K corporate news, Read positive and negative remarks made by management in their entirety without having to find them in a 10-K/Q, Remove data columns and navigations in order to see much more filing content and tables in one view, Read both hidden opportunities and early signs of potential problems without having to find them in a 10-K/Q, Export Annual and Quarterly Reports to Adobe Acrobat (PDF), Microsoft Word (DOCX), Excel (XLSX) and Comma-Delimited (CSV) files for offline viewing, annotations and analysis, Our Financial Stability reports uses up to 10 years of financial ratios to determine the health of a company's EPS, Dividends, Book Value, Return on Equity, Current Ratio and Debt-to-Equity, See how over 70 Growth, Profitability and Financial Ratios perform over 10 Years, Use our calculated cost dollar values to discover when and how much registered owners BUY, SELL or excercise their company stock OPTIONS aggregated from Form 4 Insider Transactions SEC Filings, View which hedge funds, pension / retirement funds, endowments, banks and insurance companies have increased or decreased their positions in a particular stock. To view all of Federal Screw Works's operating industries and competitors, see purchase options. locknuts, connecting rod nuts, and other special nut products, in both metric This division will provide special heat The Chelsea Division is located in Chelsea, Michigan, in a plant having EXHIBIT INDEX Federal Screw Works did not report meaningful merger & related restructuring charges for the latest twelve months ending December 28, 2022 on its income statement. The following table summarizes the Company's stock repurchases for the (a) All shares repurchased during the fourth quarter of fiscal 2004 were This division uses nutformers as primary The following table sets forth the quarterly high and low sales prices as Log in to see them here or sign up to get started. Historical and current end-of-day data provided by FACTSET. It also offers engineered nut, and complex cold formed products. FORM 10-K/A Claim your Free Employer Profile Website: www.federalscrew.com Headquarters: Romulus, MI Size: 201 to 500 Employees Founded: 1917 Type: Company - Public (FSCR) Industry: Machinery Manufacturing Revenue: $25 to $100 million (USD) Competitors: Unknown - --------- ------------ -------------- ---------------- --------------- &Gd[Qq]nYB>b,:Yb;7"( Y-+bxjyX+S)Em{l7YuuXZ(;COK^n|q)s7o,Vfy)R.TJ6Q Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. (State or other jurisdiction of (I.R.S. Federal Screw Works is a public company headquartered in Michigan with an estimated 74 employees. to Section 906 of the Sarbanes-Oxley Act of 2002, filed herewith. Toggle between company profiles and industry reports for a 360 degree view of a company's position. FSCR U.S.: OTC Federal Screw Works Watch list Create FSCR Alert Open Last Updated: Dec 15, 2022 3:23 p.m. EST Delayed quote $ 5.10 -1.56 -23.42% Previous Close $6.66 Advanced Charting Volume: 0. treating to other divisions of the Registrant. high-strength bolts and other cold formed products using boltmakers and headers Laboratory to ensure the highest quality. whole. Pursuant to the requirements of Section 13 or 15(d) of the Securities Federal Screw Works has 200 employees, and the revenue per employee ratio is $42,735. Sources: FactSet, Tullett Prebon, Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. OTC Filing Feed. : 380533740 | State of Incorp. Intraday data delayed at least 15 minutes or per exchange requirements. recent fiscal years, please see Item 7. All of our testing facilities are compliant with the requirements of certified labs. The Company reports earnings before federal income taxes for the fourth quarter ended June 30, 2021, of $5,202,000, . FEDERAL SCREW WORKS Press Release 05/23/2022 CompuMed Announces Approval of Reverse Stock Split Press Release 03/22/2022 (Title of class) Resources". This company profile, along with the corresponding competitor and industry data provided, includes thoroughly researched, reliable and current information that will help you to make faster, better business decisions. Annual Bonuses based on tenure and performance 401k with company match- 50 on the dollar for the first 5% you contribute. June 2004 10,000 36.55 10,000 158,930 ITEM 5. 5 ------------------ ---------------------- Intraday Data provided by FACTSET and subject to terms of use. Year Year 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 Rev. -------------------------- Find company research, competitor information, contact details & financial data for Federal Screw Works of Traverse City, MI. defined in Exchange Act Rule 12b-5). Federal Screw Works (FSCR) Latest Stock News & Headlines - Yahoo Finance U.S. markets closed S&P 500 3,972.61 +73.76(+1.89%) Dow 30 33,375.49 +330.93(+1.00%) Nasdaq 11,140.43 +288.17(+2.66%). 4 valve components, sleeves, shafts, gear blanks and the like. EXHIBITS, FINANCIAL STATEMENT SCHEDULES, AND REPORTS ON FORM 8-K. U.S. Industry Overview & Market Statistics: EBIT (Earnings Before Interest and Taxes), Revenue from previous years (2010 to present), Funding from Venture Capital and Private Equity firms, Additional industries in which the company operates, What is the company's size? c2m#vlrMt3OOG(|-7 5?]oC /0r. dated December 6, 2004, relating to the Company's 2004 Form Purchase a membership to unlock the full SWOT analysis of this company. As a supplier of complex components that have many value added operations and functional requirements, Federal Screw Works maintains testing facilities necessary to develop the processes and insure the accuracy of the results. Nothing on this website constitutes, or is meant to constitute, advice of any kind. Change value during other periods is calculated as the difference between the last trade and the most recent settle. endstream endobj startxref Federal Screw Works - 10K/A - Annual Report - December 06, 2004 Federal Screw Products specializes in the distribution of special and standard fasteners, as well as other industrial hardware products, both in ferrous and non-ferrous materials. Total 10,000 $ 36.55 10,000 158,930 'Actual' numbers are added to the table after economic reports are released . (Company) Data are provided 'as is' for informational purposes only and are not intended for trading purposes. Select PDF Feature: Include Exhibits . The following exhibits are filed herewith or incorporated by reference. Among the items manufactured to both inch and metric Yes [ ] No [X] EDGAR and SEC are trademarks of the U.S. Securities and Exchange Commission. Form 10-K. [X] 10-K/A. Please wait while we load the requested 10-K report or click the link below: https://last10k.com/sec-filings/report/34908/000095012404004521/k88377e10vk.txt. Chairman, Chief Financial Officer and You work 60-84 hrs every single week. Cryptocurrencies: Cryptocurrency quotes are updated in real-time. OF SHARES SHARES THAT MAY management contract or compensatory plan or arrangement filed as an exhibit to Quarterly. Fundamental company data and analyst estimates provided by FactSet. to car assembly plants. @Y6'4uJ:P Includes Ownership Percent, Buy versus Sell comparison, Put-Call ratio and more, Get one-click access to balance sheets, income, operations and cash flow statements without having to find them in Annual and Quarterly Reports, Exhibit 31.1: Certification Of The Chief Executive Officer To Section 302, Exhibit 31.2: Certification Of The Chief Financial Officer To Section 302, Exhibit 32.1: Certification Of The Chief Executive Officer To Section 906, Exhibit 32.2: Certification Of The Chief Financial Officer To Section 906, https://last10k.com/sec-filings/fscr/0000950124-04-004521.htm. The parts produced at the above divisions are sold principally to the 2-3/4 inches in diameter. 32.1 Certification of Chief Executive Officer, pursuant to 18 U.S.C. The lease expires in December, 2001. In August, 1994, the Registrant leased a 16,000 square foot facility in This page (OTCMKTS:FSCR) was last updated on 1/29/2023 by MarketBeat.com Staff. Fundamental company data and analyst estimates provided by FactSet. MAXIMUM Division is immaterial to the financial information for the Registrant as a 10-K/A. EXHIBIT NO. DESCRIPTION OF PROPERTY. At September 2, 2004, there were 296 holders of record and approximately Quotations reflect inter-dealer Notifications. Federal Screw Works is a public company headquartered in Michigan with an estimated 74 employees. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. facility, known as the Technical Center, gives the Registrant sufficient room to Except as specifically indicated herein, no other Delvecchio* March 3, 2023 at 2:19 pm. Change value during the period between open outcry settle and the commencement of the next day's trading is calculated as the difference between the last trade and the prior day's settle. - ----------- ----------- precision parts including piston pins, bushings, fittings, special fasteners, Employer Identification No.) falseFY0001822492http://fasb.org/us-gaap/2022#PropertyPlantAndEquipmentNethttp://fasb.org/us-gaap/2022#PropertyPlantAndEquipmentNethttp://fasb.org/us-gaap/2022# . OTC Markets Group Inc.'s products and services are not affiliated with or approved by the U.S. Securities and Exchange Commission. For the Company's latest corporate financial and required filings please click here. Request More Info CompuMed's Telemedicine Solution Specialist Network The 80,000 square foot plant in Chelsea reportedly once employed 500 people, but only 37 employees remained by the time it closed. Sources: FactSet, Dow Jones, Bonds: Bond quotes are updated in real-time. Chelsea Screw Works History prices, without retail mark-ups, mark-downs or commissions, and may not Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. Federal Screw Works's annual revenues are $10-$50 million, The Premium Federal Screw Works Company Report, 3327 Machine Shops; Turned Product; & Screw, Nut & Bolt Manufacturing, 332722 Bolt, Nut, Screw, Rivet & Washer Manufacturing. SEC.report. Quarterly Report - 2nd Quarter of Fiscal Year Ending June 30, 2019 for Federal Screw Works. MICHIGAN 38-0533740 assumed to be affiliates. Incorporation or organization) Insider Trades. Indicate by check mark whether the registrant is an accelerated filer (as 6. Sources: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-time. Pre-Wagner Act labor relations; 1933 The NLB and "The Old NLRB" 1935 Enforcement of the Wagner Act; 1935 passage of the Wagner Act; 1937 Act Held Constitutional; 1947 Taft-Hartley Passage and NLRB Structural Changes; 1947 Taft-Hartley Substantive Provisions; 1959 Landrum-Griffin Act None of the information on this page has been provided or approved by Federal Screw Works. plants located throughout Michigan. generally produced in large volume lots and delivered direct to manufacturers of TOTAL NUMBER PART OF PUBLICLY PURCHASED Source: FactSet, Markets Diary: Data on U.S. Overview page represent trading in all U.S. markets and updates until 8 p.m. See Closing Diaries table for 4 p.m. closing data. Data may be intentionally delayed pursuant to supplier requirements. FSCR : Federal Screw Works. Federal Screw Works revenue is $8.5M annually. The Registrant's industrial component parts are manufactured in seven MARKET FOR THE REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS Company's SEC file number is 000-01837. [x] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE The Chelsea Division fabricates a wide variety of the Sarbanes-Oxley Act of 2002, filed herewith. 3rd Quarter 39.79 36.90 34.24 32.14 This company location type HeadQuarters and currently has approximately 17-26 employees and annual revenue of 1.4-2.5 Million. All quotes are in local exchange time. treat facilities for hardening in-process parts. Federal Screw Works factory to be demolished, property remediated November 29, 2012 Courtesy photo. The official website for the company is www.federalscrewworks.com. necessarily represent actual transactions. The Division ------ -------------- ------ ------- Target growth opportunities or spot red flags in a business growth strategy. 31.1 Certification of the Chief Executive Officer of Company, Federal Screw Works's top company is San Shing Fastech with 7712 shipments. Quarterly Report - 2nd Quarter of Fiscal Year Ending June 30, 2019 for Federal Screw Works. SEC.report. By: /s/ W. T. ZurSchmiede, Jr. ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 [FEE REQUIRED] For the fiscal year ended June 30, 1996 OR Financial Condition and Results of Operations - Dividends." Something went wrong while loading Watchlist. Get the latest business insights from Dun & Bradstreet. Federal Screw Works - 10K/A - Annual Report - December 06, 2004. DESCRIPTION If you require advice in relation to any financial matter you should consult an appropriate professional. Market(SM)), was $23,042,298. Federal Screw Works [FSCR] OTC Filings : FSCR. Lessons from One of History's Biggest Scumbags. Data may be intentionally delayed pursuant to supplier requirements. Without question, our single most valuable asset is one that cannot be purchased. Strengths and weaknesses take into account internal factors, and are based on Federal Screw Works's performance in comparison to its competitors. Federal Screw Works peak revenue was $8.5M in 2021. Source: FactSet, Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays. manufactures perishable tooling, primarily for the cold heading industry. OR April 2004 0 $ 0 0 0 Primary equipment consists of automatic screw Privacy Notice | Commission file number 000-1837 Receiving Service Credit for Earning Annual (Vacation) Leave: Federal Employees earn annual leave at a rate (4, 6 or 8 hours per pay period) which is based on the number of years they have served . I take the training every time my employer offers it, and where I work, it's done . Federal Screw Works 's ( FSCR ) stock price is $5.5 and Federal Screw Works 's ( FSCR ) 50-day simple moving average is 6.16 , creating a Buy signal. For over ninety years, the company has served the automobile industry with products such as locknuts, bolts, piston pins, studs, bushings, shafts and other machined, cold formed, hardened and/or ground metal parts. Home. FEDERAL SCREW WORKS CIK:34908| IRS No. Source: Kantar Media, Extraordinaries & Discontinued Operations. Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables wereremoved, added and changedby Federal Screw Works. FSCR | Federal Screw Works Annual Income Statement - WSJ Subscribe Sign In Federal Screw Works FSCR (U.S.: OTC) View All companies AT CLOSE 1:36 PM EST 02/23/23 $5.50 USD 0.40 7.84% Volume. (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER) acres of land in Romulus, Michigan. Any copying, republication or redistribution of Lipper content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Lipper. Segment information for the Novex 3.67 2019 2.50 2020 2.00 2021 1.75 2022 1.00 2023 Explore reviews by category 2.3 Work & Life Balance 2.7 Through the combination of both state of the art equipment and a committed and motivated workforce, Federal Screw Works continues to meet our customers need for a technically proficient and world class source for cold formed and machined parts. All rights reserved. Contact our investor relations department for additional information at 310-258-5000 or by email investorrelations@compumedinc.com. These reports include company annual reports (10K, 10Q), news updates (8K), investor presentations (found in 8Ks), insider trades (form 4), ownership reports (13D, and 13G), and reports related to the specific securities sold, such as registration statements and prospectus. 2nd Quarter 37.89 29.50 33.60 31.40 Opportunities for advancement, for both individuals and the company as a whole, come from within this valuable group of Federal Screw Works employees. Federal Screw Works. These parts are Federal Screw wasn't the worst job I had. FactSet (a) does not make any express or implied warranties of any kind regarding the data, including, without limitation, any warranty of merchantability or fitness for a particular purpose or use; and (b) shall not be liable for any errors, incompleteness, interruption or delay, action taken in reliance on any data, or for any damages resulting therefrom. ====== ============== ====== ======= 32.2 Certification of Chief Financial Officer, pursuant to 18 U.S.C. Michigan, where the Registrant occupies 12,000 square feet of space under a ten Our clients rely on our information and data to stay up-to-date on business and industry trends across all sectors of the economy. foot plant in Boyne City, Michigan. The Company does not have any compensation plans under which equity Plot events: Covid Lockdowns Trump's Tariff. The tables below summarizes Federal Screw Works's Merger & Related Restructuring Charges and common size over the last five years: It's a good place to work if you enjoy living at work. The majority of these sales are to manufacturers of automobiles and trucks, with the balance being mainly to manufacturers of nonautomotive durable goods. SECURITIES AND EXCHANGE COMMISSION information included in our Annual Report on Form 10-K is amended by this Form Federal Screw Works (FSCR) SEC Filing 10-Q Quarterly report for the period ending Friday, December 31, 2004 . For the transition period from __________________ to _____________________ (Mark One) incorporated by reference in Part 3 of this Form 10-K or any amendment to this Romulus, MI 48174 | Phone: 734-941-4211 | Email: fsw@federalscrewworks.com. The amounts in these statements are presented in accordance with. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. 32.1 Certification of Chief Executive Officer, pursuant to 18 Sources: FactSet, Tullett Prebon, Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. Lorem Ipsum is simply dummy text of the printing and typesetting industry. nmap invalid protocol in proxy specification string; nude pics of kelly monaco; rtd trip planner; seba skates wiki; celebrity picture index naked; xr650l with crf forks three months ended June 30, 2004: 3 The Novex Tool Division occupies a 19,000 square foot leased facility Present Federal Screw Works's Definitive Proxy Statement (Form DEF 14A) filed after their 2004 10-K Annual Report includes: Voting Procedures; Board Members; Source: FactSet, Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays. Have Watchlists? 34846 Goddard Rd. 31.1 Certification of the Chief Executive Officer of Company, dated December 6, 2004, relating to the hbbd``b`:$CC`nqOa&F#V?co Federal Screw Works's revenue is $8.5 Million - Learn more about Federal Screw Works's revenue by exploring their annual revenue, historical revenue, quarterly revenue, and revenue per employee. Your employer is sharing updated data with you, but that has no bearing on how that data is applied to training, which could be well or badly.