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Technology Stocks : Zi-Corp (ZICA), formerly MCUAF
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To: Ahda who wrote (1523)9/26/1999 11:36:00 AM
From: RockyBalboa  Read Replies (1) of 2082
 
You can have a law suit on your hands by a projection of revenue that is not accurate.

Indirectly, yes. For example, if you give a guidance, then miss and the stock tanks by say at least 50-70% AND you sold insider shares, then you *may* get Lerached.

Directly - no.

In general, a company is absolutely free to issue new developments, profile updates, revenue/earnings guidances, whatever (aside from their regular filing), and not too few do so.
In some cases ("changes of business") they are even obliged to do so.
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