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Re: chklingon post# 39232

Monday, 09/24/2007 7:27:54 AM

Monday, September 24, 2007 7:27:54 AM

Post# of 162812
The official purpose of the disclaimer is not to create a "I may be lying" statement, but to protect the company from issues that are outside of the boundaries of company control at the time of the statement, such as market changes, product failure, contracts that don't finalize, etc..

Sh_t happens, ...even in legitimate businesses with honest, hard-working people doing all that they can do. A forward-looking statement is optimistic but that doesn't mean that the company gets to outright lie about verifiable facts. A lie is still a lie, while changing conditions create changed outcome without any lies having been told. That's what the protection of the "boiler plate" is for. FlaFlyersFan knows that, but chooses to believe and publish posts indicating that people are making up stories at RushNet. I personally don’t know the facts concerning the revenue/ownership/value of certain mentioned assets, and neither does he. Becoming a entity with full financial reporting would be a good idea.

There are certain advantages to being a reporting corporation and one of them is that non-reporting companies “might not” be covered by the October 15 deadline of Naked Short protection.