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Re: TheDane post# 53010

Wednesday, 05/17/2006 10:27:44 AM

Wednesday, May 17, 2006 10:27:44 AM

Post# of 362759
I suspect that the lawyers, as much or more so than the accountants, are struggling with the precise wording for the 10Q. It could also be that the wording and content in the subsequent events section is being submitted for approval by one or more of our current or prospective partners. If one lawyer doesn't think the disclosure is sufficient, and someone elses lawyer thinks it contains too much information, the negotiation to achieve an acceptable level of disclosure could be difficult, and could even reach "standoff" levels. I have been involved in such impasses on other matters several times, and it takes some creativity to get past it.

JMO, Magic


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