Aminobwana From , joined Dec 1969, posts, RR:
Reply 7, posted (7 years 3 months 3 weeks 1 day ago) and read 3134 times:
A orthodox thought from a business man:
Airlines should stop to make any announcement at any time other than if and when:
- orders when binding and not conditioned documents are signed, subject only to contract
compliance and Force Majeur
- LOI's when such are received. I clarify that as a LOI a document shall be understood which
constitutes a not binding order with details open, but not a simple Letter of Interest.
My lawyers always have told me that otherwise, this would constitute a grave violation of the
federal SEC rules for Public Companies.
And I would be happy if in case such announcement results not true, shareholders sue the
company for inducing false expectations and stock manipulation.
And I fail to see what importance it has if orders or LOI's are announced during a Show or
separately, other than impress the Forum (here I am being"sarcastic"). Customers surly do not care.