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MaynardKrebs
Premium
join:2009-06-17
kudos:4

reply to Gone

Re: The end of ####?

said by Gone:

Yeah, but even if they cook the numbers there are enough people out there who would be able to put two and two together and see through the bullshit. That, and cooking the numbers too badly could have a negative impact on share or put them into a bad competitive situation with other incumbents.

Considering that we now seem to be in an era where the CRTC has no issue laying an incumbent over their knee and providing them with a hard spanking, it's likely that if the numbers are cooked and don't pass the sniff test, the CRTC would be quick to call them on it, too.

Any company issuing securities in the US has to comply with Sarbanes-Oxley. They HAVE to disclose lots of stuff truthfully & accurately, else their Dear Leader will have to watch out that he doesn't drop a bar of soap in the prison shower. I wonder how he'd Cope.

The information they have to file in the US in a prospectus or annual filings won't be Level II costing but there's a lot of stuff which can be used to figure things out. Ditto for analyst conference calls (also required to be truthful and reasonably accurate).

Davesnothere
No-BHELL-ity DOES have its Advantages

join:2009-06-15
START&Cogeco
kudos:6

said by MaynardKrebs:

....They HAVE to disclose lots of stuff truthfully & accurately, else their Dear Leader will have to watch out that he doesn't drop a bar of soap in the prison shower.

I wonder how he'd COPE....

 
....with the SOAP ?!

He'd prob'ly say something like "@#$%& !"

Which is quite different from "#####".

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