Copied from RB ...
Ray-Jay-Johnson:
Re: "Since you are NOT a filing company yet, why are you using this "safe harbor" statement?"
You pose an interesting question. I'm using it because I was advised to use it to protect myself and our company from litigation. The history of that sequence can be read on the SI thread.
When most people see the term "safe harbor" they skip to the next paragraph because they anticipate that what is in the safe harbor paragraph is common legal terminology (some call it fluff, some use terms less desirable in public places). I place the statement at the bottom of my posts so people don't have to skip over it, but it's there if they care to read it.
I initially objected to its use because, frankly, I thought (still do) that it's a waste of space. However, I began using it back in April after being cautioned a few times that I should have it in my posts because of the risk involved in not having it there.
Now that it has been pointed out that the safe harbor is not applicable to our situation (we're a non-reporting company at the current time), I will reconsider my decision to include it. Perhaps a similar disclaimer should be used? If you have any helpful suggestions, I'd like to hear them.
So, there you have it. My take on the issue.
Incidentally, that particular text has been in every status post since late April of '99, but this was the first time anybody referred to it. That's somewhat surprising, considering the scrutiny my posts have endured.
Regards,
Terry E. Dennis, President & CEO
Planet City Corp (OTC BB: PINC)
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