loy310 said:
xl-klaudkil said:
So your suspecting a constant -50% each year. Even thou this year switch is already down -60%
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I was being generous for shits and giggles to prove a point that it cant reach 160m. If you really want to know how i fell, the switch wont get past 158m.
xl-klaudkil said:
Hmm even i think thats sketchy, it would have been better if sony just mentioned how they get those number.
However,are companies aloud to just, lie about numbers?
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Companies can't lie to shareholders, or make false or misleading statements;
Legal restrictions on company statements
- False or misleading statements: It is illegal for companies to make false or misleading statements or omit material facts that could deceive investors.
- Material facts: This applies to "material facts"—information that could influence a reasonable investor's decision. Examples include the company's financial health, performance, and significant risks.
- Executive accountability: Legislation like the Sarbanes-Oxley Act holds top executives personally responsible for misreporting financial information.
- Disclosure requirements: Companies are required to disclose a significant amount of information, such as financial statements, business descriptions, and known risks, in specific, time-sensitive filings with regulatory bodies like the SEC.
- Prohibition of selective disclosure: Companies cannot selectively disclose non-public information to certain parties, such as analysts, which could put other investors at a disadvantage.
What constitutes a lie
- Fraudulent statements: Deliberately providing false or misleading information about finances, operations, or projections can be considered fraud.
- Misleading employer communications: Statements to employees that are likely to cause them to buy or hold company stock can also be subject to fraud liability if misleading, notes this Villanova University Law Review article.
Consequences of lying
- Investor lawsuits: Shareholders who suffer financial loss due to these fraudulent statements can sue the company.
- Regulatory action: Regulatory bodies can take action against companies that violate these laws.
- Loss of stock value: If a company's misleading statements are proven to have artificially inflated stock prices, the resulting drop can also lead to legal action, according to The New York Times.
Strange that we think Sony would risk all that trouble to say they shipped 4 million PS2, a console that was already legendary in terms of sales without the extra 4 million.
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Unfortunately, claiming that your piece of plastic sold a bazillion on a website 10 years after you stopped selling your piece of plastic doesn't fall into any of those, because investors today don't care about how much your decades old piece of plastic sold.
Claiming that it sold a bazillion back when it allegedly happened, though, would be a crime if it was a lie. Funny that Sony didn't say a thing when it allegedly happened.
Atari could post on Twitter today that they sold 200m whatever-console, no investor would sue them saying they were mislead into investing on them.
