>>It's not that unusual to release projections, numerical or otherwise, and the SEC's
safe harbor for forward-looking statements protects the company from liability for
guessing wrong if they hedge the statement properly.<<
In the current SEC/BB environment such projections are scrutinized regularly. Particularly since BB stocks do not have to do the usual reports to the SEC.
>>It doesn't make sense to me,
however, that the SEC would have contacted the company on the SEC's own
initiative.<<
++++++++++
It makes a great deal of sense to me. See my prior posts regarding the matter. The SEC monitors such boards, a shareholder could have (not me) alerted them, there are several very plausible and sensible scenarios.
>>Unless SFLK's counsel called the SEC and asked whether it would be
OK to release projections in a certain form, which would itself have been highly
unusual,<< nothing at all unusual about that at all.
>>I'm not sure I buy the stated reason for the delay.<< I think Mr Edwards is very forthright and you have the stated reason for the delay.
>>Now, if that release is
actually being held up for another reason, what might the real reason be??<<
I think what you just expressed is what the market calls uncertainty... something which it hates. And this is what you have.
Ed |
