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Politics : PRESIDENT GEORGE W. BUSH
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To: JBTFD who wrote (275581)7/15/2002 5:08:46 PM
From: jlallen  Read Replies (1) of 769670
 
Not exactly. This was a voluntary restatement. It could mean any of the following:

The SEC felt their treatment of financial accounting was incorrect and :

(i) The company agreed it was incorrect upon review and restated;

(ii) The company did not agree but also did not wish to litigate the matter and therefore restated.

Historically speaking, the announcement that the SEC is seeking to force a public company to restate via enforcement action has a lot more deleterious effect on a stock's performance than a voluntary restaterment.....
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