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Yeah the point is you aren't supposed to mislead investors with overly rosy revenue projections. That's fraud (but probably hard to prove). If they told the in
by IshKebab 11mo ago
Yeah the point is you aren't supposed to mislead investors with overly rosy revenue projections. That's fraud (but probably hard to prove).
If they told the investors privately then they're probably fine, but I doubt they did.
- richardwhiuk 11mo agoIn private companies, it's much more caveat emptor, than in the public markets.
- ralph84 11mo agoAny time a forward-looking statement is given in an investment context it has a safe harbor caveat attached about how it could be wrong. Companies miss revenue projections all of the time. That's not fraud.
- illiac786 11mo agoIt is if you lied.
- toomuchtodo 11mo agoProve the lie, that is the challenge.