Why do people keep questioning "Material Event"?
posted on
Jan 22, 2008 10:59AM
I just don't get it. The company has proclaimed that the settlements in TX were considered a material event and the associated values NOT material, and reported such to the SEC.
So what is the motive for dwelling on this? IF someone were to actually find a valid "issue" with this (re: the values), what is their intent?
Now think for just a minute. IF someone were to actually find a valid "issue" with this, do they plan to report it to the SEC or something? How does this help us?
SEC investigation? - yea, that would look real good for PTSC.
Kill the deal(s)? - isn't it obvious enough that the settlements were contingent on keeping the associated values silent? So FORCE the numbers to be revealed, and cause the breach of the contracts/settlements/license agreements.
BRILLIANT!!!
Now, someone tell me how dwelling on this HELPS. I you can't, then just leave this topic alone, PLEASE!
JMHOs,
SGE