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siriuslyricher

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siriuslyricher

Re: ColeThornton post# 91200

Tuesday, 10/16/2007 3:05:02 PM

Tuesday, October 16, 2007 3:05:02 PM

Post# of 157299
"Don't ask me what "material" is from a legal SEC standpoint, I've read the definition several times and still don't have a clue...."

Cole, I'm not expert on what constitutes "material" under the SEC, but I do have common sense. Companies, including cutting-edge technology companies, design things all of the time, but whether they work or not, have a successful test or not, is the material fact, IMO, not the "design" for a hoped-for outcome.
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