Ahmad,
I would like to comment your statement.
<"However, wouldn't PTEC be setting itself to be sued if they don't meet projections? And what if PTEC projected very, very low financial expectations, wouldn't that cause many investors to dump and run ? and wouldn't that open them for additional criticism and maybe even law suits for not doing what's best for their shareholders?">
No! I don't think PTEC would be setting itself up to be sued. I think investors are intelligent enough to realize that expectations are only that, expectations. Things change, as is pre-warned in every forward looking statement that Phoenix, (or for that matter any other company) makes. If you have an honest CEO, (as I know we have with Jack Kay), anticipated potential revenues can be stated without fear of law suits from investors. As long as those projected potential revenues are honestly presented at the time, I believe, investors will understand if any deviations, or variations, from reality occur at a later time.
Now, if you say that providing projected potential revenues may not be good for investors, because it also alerts the competition to the vast size of a potential market or contract, that's another story.
No, for me, honesty has, and always will be, the best policy, or strategy, to "tell the story"
Jules |
