82,891
edits
Prospectus: Difference between revisions
no edit summary
Amwelladmin (talk | contribs) No edit summary |
Amwelladmin (talk | contribs) No edit summary |
||
| Line 1: | Line 1: | ||
{{a| | {{a|repack|}}{{d|Prospectus|/prəsˈpɛktəs/|n|}} | ||
(Also: ''“offering circular”''; ''“offering memorandum”''; ''“information memorandum”''): A long document describing some [[securities]] which no-one reads, but which managers are nonetheless convinced presents them with [[document risk|risk of huge liability]]. Much of it accordingly comprises [[disclaimer]]s, and there is a specific [[legal department]] [[employee]] — a [[red-herring ninja]] — who can make an entire living in the cool, nourishing foliage of such a document. | (Also: ''“offering circular”''; ''“offering memorandum”''; ''“information memorandum”''): A long document describing some [[securities]] which no-one reads, but which managers are nonetheless convinced presents them with [[document risk|risk of huge liability]]. Much of it accordingly comprises [[disclaimer]]s, and there is a specific [[legal department]] [[employee]] — a [[red-herring ninja]] — who can make an entire living in the cool, nourishing foliage of such a document. | ||
| Line 6: | Line 6: | ||
A draft version of a prospectus — sometimes released for pre-marketing purposes — is called a “[[red herring]]” not, as you would think, in frank acknowledgment that is an impenetrable tract that will distract a reader from whatever she ought to be doing for an unconscionably long time and without perceptible benefit — though only once — but on account of an angry red [[disclaimer]] written down the margin of the cover warning anyone who should pick it up that it is not to be trusted. | A draft version of a prospectus — sometimes released for pre-marketing purposes — is called a “[[red herring]]” not, as you would think, in frank acknowledgment that is an impenetrable tract that will distract a reader from whatever she ought to be doing for an unconscionably long time and without perceptible benefit — though only once — but on account of an angry red [[disclaimer]] written down the margin of the cover warning anyone who should pick it up that it is not to be trusted. | ||
Those who fear their investors might not understand the prospectus — or might, but will sue anyway — might consider a [[big boy letter]]. | |||
{{sa}} | {{sa}} | ||
*[[Big boy letter]] | |||
*[[Document risk]] | *[[Document risk]] | ||
*[[Residents of New Hampshire]] | *[[Residents of New Hampshire]] | ||