RE:Annual information formGood morning. Happy Saturday.
Those lines are standard boilerplate phrasing for any document of this nature, and are there as legal provisions to protect against liability. As Casavansghost said, they are known as "safe harbour" statements and it is legally reckless to produce a document like this without them.
They are of the same nature as the paragraphs that are at the bottom of every news release.
I'm sure you knew that and are trying to cast doubt, but I'm in a good this morning so am not immediately going to assume anything ;).
OTChawk wrote:
Revenue Risks
PyroGenesis may experience delays in achieving revenues, particularly with plasma gasification projects which have a long sales cycle. Revenues may be delayed or negatively impacted by issues encountered by the Company or its clients including:
.......
PyroGenesis sales cycle is long and the signing of new contracts is subject to delay, over which the Company has little control. The Company also enters into sales contracts with fixed pricing, which may be impacted by changes over the period of implementation. There is no assurance that delays or problems in fulfilling contracts with clients will not adversely affect the Company’s activities, operating results or financial position.
....
I think we can expect some kind of delay, the question is will they report about it ? Why they use that phrase " is subject to"... It´s like they know that the delay is coming. I hope that it´s nothing.