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DewDiligence

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DewDiligence

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Re: moneyman1010 post# 3019

Tuesday, 06/28/2011 11:49:20 PM

Tuesday, June 28, 2011 11:49:20 PM

Post# of 29467

I'm pretty sure that companies are not allowed to submit reserve measures on their own. I think most companies have to have reserves measured by 3rd party independents…

Charlie can comment, but I think the above is incorrect. The SEC does not require companies to hire an outside consultant to measure reserves, but many companies do because they want to.

…as well as peer companies.

I do not understand what you mean.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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