Originally Posted by
Mitch Rapp
I’m with you, but on the other forums, those with more accounting knowledge than me (which isn’t saying much) - claim that if the expense was determined in the first quarter they must file it for the first q, but can pay out at a later date.
GT already came out with an update saying nothing has changed but negotiations begin in IAH tomorrow. Good on him for such a quick response.
Correct. Sarbanes-Oxley among other regulations require all potential known expenses, risks, etc. to be disclosed in the regulatory filings. Unknown unknowns (to use Rumsfeld's nomenclature) need not be mentioned.