Re: SGE1 / Re: Why do people keep questioning "Material Event"? - lambert
posted on
Jan 22, 2008 06:02PM
Okay, I'll grant you your endeavor may have merit. Just don't suggest that there was a possibility of wrongdoing in PTSC's reporting when you don't have sufficient knowledge to make such assessment.
As for your search, good luck. I sure wouldn't hang my hat on the "15% of company assets" (as I recall it) threshold. Assuming that PTSC had $50M (high number) in net assets at the time of the "event", that would only be $7.5M. We KNOW we've had licenses for greater amounts than that without financial reporting at the time (shortly after) those events.
But maybe you'll find something else more useful....
Again, and sincerely, good luck. And hopefully you understand my concerns.
SGE