RE:RE:PP Original document
InvestQC, to answer your question apparently they can write anything they want.
The funny thing is why don`t they show the original document, it`s not that much larger and gives a clearer picture.
I have done a good review and lots of Companies do or write similar statements on the original PRs, some more drastic and explanatory than others,but they don`t show them unless you look for them yourself..
You can go on
www.stockwatch.com enter symbol or name of Company,click on 1 year bulletins and open anyone of them, then click on View Original Document and at the end of everyone is a disclaimer, you can use different Companies and see the difference from one to another.
It`s something I never paid attention to,thinking the PR was all we needed.
In SIO case they refer to the interim managements report of February 28-2013 to get more in depth explanation as to Risks and Uncertanties.
Every PR is different to suit wharever is involved.
Here it is:
Risks and Uncertainties
The Corporation is involved in an industry that is subject to various risks and uncertainties. The risks and uncertainties listed below are not the only ones to which the Corporation is subject. Additional risks and uncertainties of which the Corporation is not aware at the moment or to which it does not currently assign importance could also affect its performance. The materialization of any of the following risks, without limitation, could harm the Corporation’s activities and have significant adverse impacts on its financial position and operating results. In that case, the Corporation’s stock price could be affected.
Future Capital Requirements
The Corporation has shown operating losses in recent fiscal years. The ability of the Corporation to discharge its obligations and finance its future activities depends on its ability to achieve a level of profitability or support from its shareholders and its creditors. Nothing guarantees that the Corporation will be able to attract the capital required to 10
continue to develop and market its technologies. In the event that the Corporation does not manage to find additional capital, this could have adverse impacts on its activities, revenues, financial position and operating results.
Inability to Implement the Established Strategy
The Corporation’s growth is dependent on its ability to implement the established strategy. Nothing guarantees that management will succeed in implementing it successfully.
Uncertain Adoption of the Experience by the Consumer Market
Despite the recent success of 3D movies in theatres, consumers could decide not to bring that reality home. Nothing guarantees that the products integrating the Corporation’s technology will be adopted by consumers. In the event consumers do not buy those products, there could be an adverse impact on the Corporation’s activities, revenues, financial position and operating results.
Competition
The Corporation is evolving in a relatively new and competitive field. New players, new alliances and new technological solutions could appear. However, nothing can guarantee how quickly customers will adopt those products or how quickly the competition will develop similar products.
Exchange Risk
Because the Corporation makes most of its revenues in US Dollars and because it incurs the majority of its expenses in Canadian Dollars, its revenues and profitability are influenced by the fluctuation of Canadian currency versus other currencies, in particular the US Dollar. The Corporation’s ability to adjust its selling prices to take into account fluctuations in exchange rates is limited. At the moment, the Corporation does not hedge its currency risk.
Scope and Validity of Intellectual Property
The Corporation’s patents could be incomplete, invalid, disputed or refused. It is possible that the patents applied for will not be granted or not provide the desired protection. This could result in legal actions. Such litigation could entail significant expense, without any guarantee as to a positive outcome. The loss of any intellectual property could have adverse effects on the Corporation’s activities and financial position.
Risk of Infringement
The Corporation’s success depends on its ability to sell technologies that do not infringe other intellectual property rights. Other parties could own, or claim to own, intellectual property similar to that developed by the Corporation. The Corporation cannot determine the scope of such patents or those of a third party with certainty. If the Corporation were to infringe a patent belonging to a third party, there could be a material impact on its future results.