RESIDENTS OF NEW HAMPSHIRE: Difference between revisions
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[[File:New Hampshire.jpg|450px|thumb|center|With scenery like this is it any wonder New Hampshireans have trouble concentrating on prospectuses?]] | [[File:New Hampshire.jpg|450px|thumb|center|With scenery like this is it any wonder New Hampshireans have trouble concentrating on prospectuses?]] | ||
}}An untutored foreigner, glancing at a few prospectuses, might be forgiven for concluding there is something wrong with the average resident of New Hampshire, for it seems they are uncommonly in need of being shouted at, at least whenever they come into contemplation in the course of a securities offering. | }}An untutored foreigner, glancing at a few prospectuses, might be forgiven for concluding there is something wrong with the average resident of [[New Hampshire]], for it seems they are uncommonly in need of being shouted at, at least whenever they come into contemplation in the course of a securities offering. | ||
It isn’t, obviously, that New Hampshire residents are ''dense'' — or any denser than the rest of us, at any rate — for what they are being shouted at about seems complicated, convoluted and, in honesty, not the sort of thing that calls for such easy exasperation. Indeed, one would need to be quite the scholar in the intricacies of local securities regulation to make much sense of the New Hampshire residents’ notice at all. | It isn’t, obviously, that [[New Hampshire]] residents are ''dense'' — or any denser than the rest of us, at any rate — for what they are being shouted at about seems complicated, convoluted and, in honesty, not the sort of thing that calls for such easy exasperation. Indeed, one would need to be quite the scholar in the intricacies of local securities regulation to make much sense of the [[New Hampshire]] residents’ notice at all. | ||
So perhaps, by contrast, unnatural ''adeptness'' with securities offerings laws characterises the New | So perhaps, by contrast, unnatural ''adeptness'' with securities offerings laws characterises the [[New Hampshire]]man or woman — so much so that an offeror can feel justified shouting at those who don’t quickly grasp the minutiae. | ||
Or it might be the misconception that this is “important” stuff<ref>Not clear, if the [[Uniform Commercial Code]] is any guide, that a [[disclaimer]] of something for which the disclaiming party was not, in any case, responsible, needs to be said conspicuously. But that is an argument too [[tedious]] even for [[JC|this contrarian]] to get into.</ref> that must be said [[conspicuous]]ly, and that means in capitals. But, firstly, no it doesn’t, and secondly, no it isn’t: the usual New Hampshire residents’ disclaimer roundly denies something which no-one was inferring, let alone implying, nor, dare we say it, giving a flying hoot about, in the first place: | Or it might be the misconception that this is “important” stuff<ref>Not clear, if the [[Uniform Commercial Code]] is any guide, that a [[disclaimer]] of something for which the disclaiming party was not, in any case, responsible, needs to be said conspicuously. But that is an argument too [[tedious]] even for [[JC|this contrarian]] to get into.</ref> that must be said [[conspicuous]]ly, and that means in capitals. But, firstly, no it doesn’t, and secondly, no it isn’t: the usual [[New Hampshire]] residents’ disclaimer roundly denies something which no-one was inferring, let alone implying, nor, dare we say it, giving a flying hoot about, in the first place: | ||
:{{NH residents}} | :{{NH residents}} | ||
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[[File:New Hampshire typo.jpg|650px|thumb|right|Not [[conspicuous]] enough for the proof-readers, apparently.]]</ref> if you did — to our best guess it means this: | [[File:New Hampshire typo.jpg|650px|thumb|right|Not [[conspicuous]] enough for the proof-readers, apparently.]]</ref> if you did — to our best guess it means this: | ||
:'''''Listen up people of New Hampshire''': This document may contain errors and it may not give the whole picture. Even if it’s been filed here, New Hampshire authorities have not approved or recommended it, or anyone connected with it and anyone who says they have is a liar and is going to be in trouble if we find out.'' | :'''''Listen up people of [[New Hampshire]]''': This document may contain errors and it may not give the whole picture. Even if it’s been filed here, [[New Hampshire]] authorities have not approved or recommended it, or anyone connected with it and anyone who says they have is a liar and is going to be in trouble if we find out.'' | ||
A correspondent writes to venture that perhaps the good people of New Hampshire just ''like'' shouting. | A correspondent writes to venture that perhaps the good people of [[New Hampshire]] just ''like'' shouting. | ||
In our experience the average American is at least fond of the sound of his own voice, so we cannot rule this out. Our correspondent tells us he spent a happy summer at a New Hampshire summer camp on the shores of the beautiful Lake Winnipesaukee being shouted at by all and sundry. | In our experience the average American is at least fond of the sound of his own voice, so we cannot rule this out. Our correspondent tells us he spent a happy summer at a [[New Hampshire]] summer camp on the shores of the beautiful Lake Winnipesaukee being shouted at by all and sundry. | ||
Winnipesaukee sounds a bit like a typo, doesn't it. Or where they filmed the Canadian version of Happy Days? | Winnipesaukee sounds a bit like a typo, doesn't it. Or where they filmed the Canadian version of Happy Days? | ||
Revision as of 15:44, 15 July 2020
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An untutored foreigner, glancing at a few prospectuses, might be forgiven for concluding there is something wrong with the average resident of New Hampshire, for it seems they are uncommonly in need of being shouted at, at least whenever they come into contemplation in the course of a securities offering.
It isn’t, obviously, that New Hampshire residents are dense — or any denser than the rest of us, at any rate — for what they are being shouted at about seems complicated, convoluted and, in honesty, not the sort of thing that calls for such easy exasperation. Indeed, one would need to be quite the scholar in the intricacies of local securities regulation to make much sense of the New Hampshire residents’ notice at all.
So perhaps, by contrast, unnatural adeptness with securities offerings laws characterises the New Hampshireman or woman — so much so that an offeror can feel justified shouting at those who don’t quickly grasp the minutiae.
Or it might be the misconception that this is “important” stuff[1] that must be said conspicuously, and that means in capitals. But, firstly, no it doesn’t, and secondly, no it isn’t: the usual New Hampshire residents’ disclaimer roundly denies something which no-one was inferring, let alone implying, nor, dare we say it, giving a flying hoot about, in the first place:
- NOTICE TO NEW HAMPSHIRE RESIDENTS ONLY: NEITHER THE FACT THAT A REGISTRATION STATEMENT OR AN APPLICATION FOR A LICENSE UNDER THIS CHAPTER HAS BEEN FILED WITH THE STATE OF NEW HAMPSHIRE NOR THE FACT THAT A SECURITY IS EFFECTIVELY REGISTERED OR A PERSON IS LICENSED IN THE STATE OF NEW HAMPSHIRE CONSTITUTES A FINDING BY THE SECRETARY OF STATE THAT ANY DOCUMENT FILED UNDER RSA 421-B IS TRUE, COMPLETE AND NOT MISLEADING. NEITHER ANY SUCH FACT NOR THE FACT THAT AN EXEMPTION OR EXCEPTION IS AVAILABLE FOR A SECURITY OR A TRANSACTION MEANS THAT THE SECRETARY OF STATE HAS PASSED IN ANY WAY UPON THE MERITS OR QUALIFICATIONS OF, OR RECOMMENDED OR GIVEN APPROVAL TO, ANY PERSON, SECURITY, OR TRANSACTION. IT IS UNLAWFUL TO MAKE, OR CAUSE TO BE MADE, TO ANY PROSPECTIVE PURCHASER, CUSTOMER, OR CLIENT ANY REPRESENTATION INCONSISTENT WITH THE PROVISIONS OF THIS PARAGRAPH.
If you struggled to make your way through that — and you would be in company that includes no less fastidious a bunch of wordwrights than the securities lawyers advising the US Nuclear Corp[2] if you did — to our best guess it means this:
- Listen up people of New Hampshire: This document may contain errors and it may not give the whole picture. Even if it’s been filed here, New Hampshire authorities have not approved or recommended it, or anyone connected with it and anyone who says they have is a liar and is going to be in trouble if we find out.
A correspondent writes to venture that perhaps the good people of New Hampshire just like shouting.
In our experience the average American is at least fond of the sound of his own voice, so we cannot rule this out. Our correspondent tells us he spent a happy summer at a New Hampshire summer camp on the shores of the beautiful Lake Winnipesaukee being shouted at by all and sundry.
Winnipesaukee sounds a bit like a typo, doesn't it. Or where they filmed the Canadian version of Happy Days?
See also
- Conspicuous language and the Uniform Commercial Code
References
- ↑ Not clear, if the Uniform Commercial Code is any guide, that a disclaimer of something for which the disclaiming party was not, in any case, responsible, needs to be said conspicuously. But that is an argument too tedious even for this contrarian to get into.
- ↑ True story.
Not conspicuous enough for the proof-readers, apparently.
