Amended 10-k And 10-q

[Rob]

Two reports on my broker's news wire, which I cannot link, say that US has recently filed an amended 10K for Dec 31 and 10-Q for Mar 31. The amendment included revisions to various exhibits which now include text inserted at the request of the SEC and which US has asked to be kept confidential.

What is the point of a "public" report being treated as confidential??? Oh well, the DOT does it; why not the SEC? It seems to me that the government has no more right to proprietary information than anyone else and that a public report filed with the government should be public. Please note I live in Washington and DO know what a truly sick place it is; nevertheless the pervasiveness still catches me by surprise sometimes.

Does anybody have any idea of the nature of the information that could be confidential?

 

[jimntx]

Well, one thing we know. If a company or government agency wants information kept from the public, it is never good.

 

[hp_fa]

Well, one thing we know. If a company or government agency wants information kept from the public, it is never good.

[post="173388"][/post]​

Isn't the purpose of those filings that they give the public information so they can decide whether or not a specific investment is sound? Then why the hell is there a secret part. Does the mere existence of a secret part violate the public policy reasons for having that form?

 

[funguy2]

Maybe there is something else at work here? Like, they are secret until a specific release date? This is how some press releases work... You can file the release early with the wire services, however, it does not become "public" until the release date...

Maybe this is the situation here? That these documents become public at some pre-arranged time? Like Monday at 9am? Or Sunday, since that is when the company has filed for BK before?

 

[jimntx]

Maybe. But, what possible announcement could be coming that needs to be delayed any further that requires a modification of the the 10-K for last year and the 10-Q for the first quarter of this year?

 

[vc10]

Get a grip, guys. Companies are required to disclose important documents, like purchase contracts with aircraft manufacturers. On the other hand, companies don't want everyone to see commercially sensitive information, like, for instance, what they're paying for aircraft and what the warranty terms are and so on. So they ask the SEC to withhold portions of such commercially sensitive documents from public view. And sometimes the SEC says "well, OK, but some of this doesn't seem that sensitive, or maybe it's sensitive but we think you ought to disclose it anyway." And that is what has happened here.

We now return you to your previously scheduled activity of searching for David Siegel under your bed. Or maybe it's Bruce Lakefield tonight. Or maybe it's a menage a trois. Whatever floats your boat.

Maybe. But, what possible announcement could be coming that needs to be delayed any further that requires a modification of the the 10-K for last year and the 10-Q for the first quarter of this year?

[post="173435"][/post]​

 

[Dog Wonder]

DUH

 

[jimntx]

Get a grip, guys. Companies are required to disclose important documents, like purchase contracts with aircraft manufacturers. On the other hand, companies don't want everyone to see commercially sensitive information, like, for instance, what they're paying for aircraft and what the warranty terms are and so on. So they ask the SEC to withhold portions of such commercially sensitive documents from public view. And sometimes the SEC says "well, OK, but some of this doesn't seem that sensitive, or maybe it's sensitive but we think you ought to disclose it anyway." And that is what has happened here.

We now return you to your previously scheduled activity of searching for David Siegel under your bed. Or maybe it's Bruce Lakefield tonight. Or maybe it's a menage a trois. Whatever floats your boat.

[post="173439"][/post]​

Try not to be so pompous. Besides, you ignored the real point of the whole thread. We are not talking about the price paid for an airplane purchased yesterday. We are talking about some financial issue that requires a restatement of LAST YEAR'S 10-K and the 10-Q for the first quarter of this year. (In case you were unaware, we are now in the 3rd quarter of the year.) What "commercially sensitive" information would have to be added to previously published information?

 

[Dea Certe]

Don't fault us for being a bit paranoid. It's an acquired response in this case. I believe a certain leader of our country put it most eloquently: "Fool me once, shame on you, fool me twice, shame on you, you won't do it again."

Yep. I'm officially nuts. Do we still have an EAP and can they get me a bottle of Prozac?

Dea

 

[usairrwe]

Don't fault us for being a bit paranoid. It's an acquired response in this case. I believe a certain leader of our country put it most eloquently: "Fool me once, shame on you, fool me twice, shame on you, you won't do it again."

Yep. I'm officially nuts. Do we still have an EAP and can they get me a bottle of Prozac?

Dea

[post="173509"][/post]​

Dea.... Come to the ATO in DCA, most of the agents are already on Prozac, so almost any one can give you a pill or two....BTW....

 

[mlt]

In addition to leasing arrangements, the SEC filing requested confidentiality on managements' contracts and retirement plans.

 

[jimntx]

In addition to leasing arrangements, the SEC filing requested confidentiality on managements' contracts and retirement plans.

[post="173527"][/post]​

As they say in la belle France, QUELLE SURPRISE!

 

[Dea Certe]

Dea.... Come to the ATO in DCA, most of the agents are already on Prozac, so almost any one can give you a pill or two....BTW....

[post="173511"][/post]​

Thanks guys! I knew I could depend on my brothers/sisters at CWA for a little help in a time of crisis! Just to tide me over, you know!


Dea

 

[Dea Certe]

In addition to leasing arrangements, the SEC filing requested confidentiality on managements' contracts and retirement plans.

[post="173527"][/post]​

Very interesting indeed. Why would such a request come now? This doesn't give me the feeling there's honesty or good faith happening here.

My paranoid mind thinks golden parachutes are being packed for certain players here. Certainly doesn't give the rank and file much confidence that our hard-earned give-backs are going to a good cause.

Dea

 

[Smartest Loser]

"honesty or good faith"

Something this company knows nothing about.....!!