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Ann: Update on Voluntary Suspension, page-43

  1. 1,503 Posts.
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    Buddy,

    One day CDU's use of the word "expect"may be tested in court. The disclaimers are to protect boards from things out of their control.

    In my humble opinion, forward looking disclaimers would give no protection if the Board knew or should reasonably have known that the statement made was not possible.

    The best one I can think of is the September announcement last year with commissioning "expected" late" 2014.

    That one would surely be tested when they had not even let the electrical's contract as yet. Maybe they have some other defense e.g a contractor may have indicated electrical's could be done in 2 months.

    In essence the forward looking statement protections do not give you free reign to say whatever you want. The statements must be made in good faith and consistent with knowledge the Board or statement issuer has.

    Again, Ozblue is probably correct, Bruno maybe has blurted out what he has seen and heard.
 
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