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Re: ronle post# 36181

Friday, 04/02/2004 7:42:20 PM

Friday, April 02, 2004 7:42:20 PM

Post# of 249131
it's not where you start, ronle, it's IF you finish!

"dangerous" is a CEO publicly claiming to the only analyst providing coverage that the publicly traded concern will do revs of around $19M (near the end of the reporting period, mind you) & then the company actually reports revs of about 4% of that previously represented guidance.

do you think anyone invested in the stock of that company based upon that representation?

or maybe for a more recent example -- when a CEO claims that same company will do breakeven revs w/in the year & only a few weeks later backs off that claim & revises it to something on the order of two years later +/- b/c the company forgot to factor in increased SG&A costs of global dominion?!?

that, IMO, is "dangerous."

but not to worry b/c in the future the forward looking statements safe harbor may not shield that company & its execs b/c stocks which trade on the OTCBB are excluded from that provision of the PLSRA pursuant to 15 U.S.C. § 78c(a)(51), and Rule 3a51-1 thereunder (if i'm not mistaken).

but hey, open all yer windows & let that breeze flow!!!



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