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Re: aleajactaest post# 242119

Monday, 05/18/2015 9:04:00 PM

Monday, May 18, 2015 9:04:00 PM

Post# of 248955
I must not have been clear,

in short, yours appears to be saying:

If material and not usual then 8k

*and*

If not 8-k then not material.

as in that 30k seats for $600k was "a non-material event in the ordinary course of business" to which I responded that the 30k seats for $600k (hypothetically) is indeed material. Material to me, you, Wave and AAPL.

Again, Form 8-k obligates the reporting of material events ... but not all material events, only those material events not in the normal course of business, but those that occur in the normal course of business do not suddenly become "non-material" by the fact that they are not 8-k reported.

8-k has no power to make an event material by inclusion or non-material by exlusion. It is simply a place where a subset of material events gets reported.

I don't think I set up at any point the notion of 8-k summoning non-ordinary non-material events, I simply quibble with non-8k events being called non-material simply because they were not on 8k.

The above content is my opinion.

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