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Re: serfdom post# 413

Tuesday, 03/07/2006 11:56:16 AM

Tuesday, March 07, 2006 11:56:16 AM

Post# of 158874
serfdom, your premise could very well have a lot of merit.

The section 401 enhanced financial disclosures in Sarbanes-Oxley require "that pro forma financial information . . . in any public disclosure or press or other release . . . (1)does not contain an untrue statement of material fact or omit to state a material fact necessary in order to make the pro forma financial information, in light of the circumstances under which it is presented, not misleading; and (2)reconciles it with the financial condition and results of operations of the issuer under generally accepted accounting principles."

In my opinion, that apparently means that a company reporting specific revenues in ANY form could be required to prove them.

Just a guess on my part, though;)



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