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One workflow that sees extremely heavy use of PDF is that of document review . To qualify as a well-known seasoned issuer , a company must be eligible to file on Form S-3 or F-3 , and have at least $ 700 million in worldwide public float of common equity or have issued within the preceding 3 years $ 1 billion in non-convertible , non-equity , securities in a registered offering for cash . Happy families are all alike ; every unhappy family is unhappy in its own way . Those rules , which just became effective on December 1 , substantially relax restrictions on communications , especially written communications , in registered offerings and substantially streamline and update the registration process , particularly for the largest issuers , known under the rules as well-known seasoned issuers . Alice had one of those natural dancers ' bodies that make one despair ; she was naturally limber , and I was amazed to see that could raise her leg shoulder-high , or higher , with no apparent effort . Noisy pointe shoes make the dancer seem heavy and earthbound - undermining the ballerina 's performance both dramatically and technically . Ballet shoes are made either of soft leather or canvas , very light and with a paper-thin sole and no heels . Some heavy users of financial data have staff solely dedicated to the burdensome process of translating paper into data by manually entering the information in periodic filings into a model in order to make comparisons . Adobe may not have directly threatened a lawsuit over Microsoft 's inclusion of PDF creation functionality with the pending version of Office , but it is clearly unhappy with the feature . Automatic shelf registration for well-known seasoned issuers provides instant access to U.S. public markets and nearly complete flexibility in disclosure mechanics . Well-known seasoned issuers , U.S. and foreign private issuers alike , may engage at any time in oral and written communications , including the use of free-writing prospectuses .