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<blockquote data-quote="SBMC" data-source="post: 2748189" data-attributes="member: 30040"><p>Really – sounds sort of like a subjective answer to a tangible question.</p><p></p><p>Again: go the SEC website; take a look at litigations</p><p></p><p>Additionally take a peek at the AICPA website and see how many CPA’s are getting slapped around.</p><p></p><p></p><p></p><p>Actually I am saying that. The law always included language referring to “misleading” the public and investors; something which could only be overcome by a joint partnership in dishonesty with a “watch dog” organization (the function on CPA’s). Hence Enron</p><p></p><p>These “cheating things” always went on however it was usually with smaller companies (as they have less scrutiny) and was done for perhaps a single quarter – just to “get by”. However in the wash; if anyone looked close enough they would have found it. Problem is no one did look that close. Now they do</p><p></p><p>Think about how many companies “restated” after Enron – think about that for just a moment. Why? Because they triple checked everything and did it again (as did the CPA firms). If they found a problem, intentional or not, coming from the CFO or CEO directly or not (as in for example a brand manager fudging a few sales numbers) they restated with all due haste. There were companies that did so (and big ones) even when the number was not material top the company (i.e. no impact to share price or EPS). </p><p></p><p></p><p></p><p>Actually by making that statement there is language that could force him to prove it – if anyone thought it necessary. </p><p></p><p></p><p></p><p>No – why - because, like I said a lot of pages ago in this massive thread; sales, revenue, profit, etc. define it. There is no middle ground. He would have never said that without a go ahead from legal otherwise already Hasbro would have issued a written statement that it was false. Additionally I would not be even slightly surprised if that language is what will be used in PRINT in the quarterly and annual report of the firm. </p><p></p><p></p><p>And I ask did Charles Ryan say just “best ever year” or did he say “best ever in sales”, “best ever in revenue” or “best ever in profit”, “best ever year sine 19xx”, etc., etc.</p><p></p><p></p><p></p><p></p><p>Irrelevant question when you are talking about investments; however the cash was made it was made. And again I ask: did Charles Ryan say just “best ever year” or did he say “best ever in sales”, “best ever in revenue” or “best ever in profit”, “best ever year sine 19xx”, etc., etc.</p><p></p><p></p><p></p><p></p><p>How can you be sure? You don’t know enough about corporate governance outside of what any layman would.</p><p></p><p></p><p></p><p>And exactly what does this have to do with anything? Most companies in the RPG market are not publicly traded and thus anything they say publicly is irrelevant. </p><p></p><p></p><p></p><p>err…what is the function of a company again? Oh ya to make money! I forgot about that. Oh but let me complain about everything corporations due then get ticked when my 401k goes down in value. </p><p></p><p></p><p></p><p></p><p>err…because it is. Just as Stop signs, yield signs, traffic lights, lines on the road, etc. Are proactive precautions for driving on the road. </p><p></p><p>It is true – pre Enron perhaps not so much – now it is so.</p></blockquote><p></p>
[QUOTE="SBMC, post: 2748189, member: 30040"] Really – sounds sort of like a subjective answer to a tangible question. Again: go the SEC website; take a look at litigations Additionally take a peek at the AICPA website and see how many CPA’s are getting slapped around. Actually I am saying that. The law always included language referring to “misleading” the public and investors; something which could only be overcome by a joint partnership in dishonesty with a “watch dog” organization (the function on CPA’s). Hence Enron These “cheating things” always went on however it was usually with smaller companies (as they have less scrutiny) and was done for perhaps a single quarter – just to “get by”. However in the wash; if anyone looked close enough they would have found it. Problem is no one did look that close. Now they do Think about how many companies “restated” after Enron – think about that for just a moment. Why? Because they triple checked everything and did it again (as did the CPA firms). If they found a problem, intentional or not, coming from the CFO or CEO directly or not (as in for example a brand manager fudging a few sales numbers) they restated with all due haste. There were companies that did so (and big ones) even when the number was not material top the company (i.e. no impact to share price or EPS). Actually by making that statement there is language that could force him to prove it – if anyone thought it necessary. No – why - because, like I said a lot of pages ago in this massive thread; sales, revenue, profit, etc. define it. There is no middle ground. He would have never said that without a go ahead from legal otherwise already Hasbro would have issued a written statement that it was false. Additionally I would not be even slightly surprised if that language is what will be used in PRINT in the quarterly and annual report of the firm. And I ask did Charles Ryan say just “best ever year” or did he say “best ever in sales”, “best ever in revenue” or “best ever in profit”, “best ever year sine 19xx”, etc., etc. Irrelevant question when you are talking about investments; however the cash was made it was made. And again I ask: did Charles Ryan say just “best ever year” or did he say “best ever in sales”, “best ever in revenue” or “best ever in profit”, “best ever year sine 19xx”, etc., etc. How can you be sure? You don’t know enough about corporate governance outside of what any layman would. And exactly what does this have to do with anything? Most companies in the RPG market are not publicly traded and thus anything they say publicly is irrelevant. err…what is the function of a company again? Oh ya to make money! I forgot about that. Oh but let me complain about everything corporations due then get ticked when my 401k goes down in value. err…because it is. Just as Stop signs, yield signs, traffic lights, lines on the road, etc. Are proactive precautions for driving on the road. It is true – pre Enron perhaps not so much – now it is so. [/QUOTE]
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