PPRuNe Forums - View Single Post - MAX’s Return Delayed by FAA Reevaluation of 737 Safety Procedures
Old 6th Dec 2019, 00:09
  #4272 (permalink)  
Water pilot
 
Join Date: Mar 2015
Location: Washington state
Posts: 209
Likes: 0
Received 0 Likes on 0 Posts
n
requests from the SEC to clarify the company’s comments in earlier financial filings on the 737 MAX grounding related to revenue and production.
I don't know much about the SEC, is it usual for them to ask a company to "clarify" their financial statements? When I became a manager it was beaten into me not to talk about anything that could materially affect the stock price, and it has felt to this outsider that Boeing management has been playing pretty loose with the rules. Statements such as "Boeing expects the FAA to lift the grounding around mid-December" implies that they have inside knowledge about an event that certainly materially affects the stock price. That is bad news either way. If it is true then it says that Boeing still has an inside track to the regulator, and if it is false than it is stock manipulation.
Water pilot is offline