GREY:IPHAF - Post by User
Post by
Plato5on Mar 24, 2010 10:05am
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Post# 16917685
We Seek Safe Harbour
We Seek Safe HarbourThe ISA financial Statement ends with the phrase: "We seek Safe Harbour."
The best definition of this statement I can find follows:
A statement typically found in the fine print at the end of a corporation's press release that says that the “forward-looking statements” are based on a number of events and assumptions. It cautions investors not to put too much reliance on these statements because they are subject to a number of uncertainties that the company can’t control and that may cause the results to differ from the statements. The readers of the release are referred to the company’s filings for further information.
The safe harborstatement received a large push from the Private Securities Litigation ReformAct of 1995. That law protects issuers of publicly-traded securities fromliability for certain financial projections and related facts and figures. TheSEC’s rules require companies to say that their projections are forward-lookingand to include cautionary statements advising investors about key risk factorsthat might affect the statements’ accuracy.