"we seek safe harbour......... A safe harbour statement is made by a company in order to limit liability for statements that they make with repsect to financial projections, or performance data, provided they are done so in good faith.
it is most applicable to securities. It is important as Companies need to demonstrate that they are publishing projections, and performance data correctly, and in good faith.
The liability is limited if it can be demonstrated that the statements are not in good faith.
For example we know that statements made by Enron, Tyco, Worldcom all had issues that had no basis in error, but acutally in bad faith.
As such the liability of those statements is not exhaust.....
That is kind of wiered why would they come up now with such a statement as in the NR. from the 15 th of may 2013.?
Are the feeling their statement e.g. 41 cts a share could lead to some eruption ???
Why are suddenly so many new directors on the board?
is ther somehting that can be discovered? and made them liable for that?
I lost 99% on good faith on those new realeases they made.
Here is the report just to inform you once again.
"starting here ::::.
Mr. Stephen Houghton reports
CERRO GRANDE MINING CORPORATION ANNOUNCES ADOPTION OF A SHAREHOLDER RIGHTS PLAN AND ENHANCED QUORUM BY-LAW NADEGREE 1B AMENDMENT
We seek Safe Harbor.
Here is the link:
https://www.stockwatch.com/News/Item.aspx?bid=Z-C:CEG-2070842
I will not agree to this : I will keep them liable for their doing as long as possible , no stategic moves allowed anymore!!!!!!!!!!!!!
maybe i will get my money back from them , since the dirctor and assoiates made lots of money during the last 15 years.. The shareholders lost lots of cash in here always on good news , though.