There is such a thing as full and timely disclosure. Once the FS has been delivered to Tim, he is duty bound to release it to the Market. If he withholds it, or shares it with any other concerned party, he will be leaving himself open to being sued by irate Shareholders.
Federal regulationsrequirethedisclosureof all relevant financial information by publicly-listed companies. In addition to financial data,companiesare required to reveal their analysis of their strengths, weaknesses, opportunities, and threats. Substantive changes to their financial outlooks must be released in atimelyfashion.
IXR Price at posting:
0.6¢ Sentiment: None Disclosure: Not Held
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