"We will file 30 additional actions in the next 30 days."
Let's assume (I know what that means) that an investor decides to buy EDIG stock based on this statement that clearly states a future course of action, one that is not qualified with a "We expect to file".
Now, if EDIG in its course of negotiation settlements with ANY of its targets is offering or is being offered a defined price for 100% of its shares and the previously assumed investor bought EDIG based on the statement "We will file 30 additional actions in the next 30 days" feels that the better return for his intial investment was for the company to continue filing suits, (and it was clearly stated by the company that's what they would do over the next 30 days) will the investor have a basis for a suit against EDIG?
Making such explicitly defined statements is legally foolhardy, even if a company is not mentioned. I can only imagine the damage caused by the libel suits that would be filed if a specific company WAS mentioned in a company PR without a legal suit filed... not to mention the damage that would be done to any possible tender offer amount if the present negotiations were tainted by possible legal action for libel against EDIG.
