Originally Posted by PupManS
This came out of the MD&A section of the LCC group 10-k or 10-q. It's a fairly standard phrasing that you would see in any SEC filing like this..applies to forward looking statements by management.
The SEC wants the worst case to be discussed as part of the MD&A. So that's what was discussed.
Yes, the securities industry is strange indeed.
-P
Nice try.
Fact is, these statements contradict most of what management said were the reasons for doing the merger at all - creating synergies and a more financially viable carrier. Now they're are saying "Well, maybe not". Hardly standard boilerplate SEC language.
Funny - I didn't see Microsoft's M&A risks on the front page of the Wall Street Journal today....