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Message: RE: From the expo site...JHawk

RE: From the expo site...JHawk

posted on Apr 07, 2005 07:58AM
Yeah, but, using your example, Goodyear could certainly state that they`ve received an order for X number of tires without stating who from, or even what size tire. In fact, I believe they would have a fiduciary responsiblity to do so, as it would be considered a significant business development that shareholders would have a inherent right to know.

I believe there is a requirement (SEC) that companies timely report significant business developments, good or bad, to shareholders. Without doing do, they open themselves to possible litigation, as shareholders could act out of company imposed ignorance, and suffer ``damages``. Multiply that by MANY shareholders and you have a class action suit, bad press for the company, etc.

Right now I`m feeling pretty damn ignorant where EDIG is concerned. And that`s why....

I KNOW nuttin`!

SGE

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