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Monday, July 26, 2021 4:03:35 PM
Companies issue press releases, which may be spread to a wider audience through the use of a newswire service, to announce things like a new product, quarterly earnings reports, an impending merger, or any other material information.
But it's not a report. It's an announcment, and holds very limited legal accountability. For instance, the numbers spouted off in the PR can not be held agaisnt the company if they turn out to not be accurate.
However, if those numbers filed in a report claiming reserve amounts, the company could be held accountable should those number not be accurate.
FYI - That's the second time this week, the definition you used to support your opinion about the meaning of a word appears to run contrary to the point you were trying to make.
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