The Company has also become aware that the Securities and Exchange Commission (“SEC”) has commenced a formal investigation, which the Company believes may relate to some of the same issues raised in the securities and derivative actions. The ultimate financial impact of these various proceedings if any is not yet determinable and therefore, no provision for loss, if any, has been recorded in the financial statements. The Company has insurance that it believes affords coverage for much of the anticipated costs of these proceedings, subject to a $1.5 million self-insured retention and the policies’ other terms and conditions.
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Cafe Pharma takes such unwarranted criticism. Only site with credible posts. Employees tell much more truth than the biased rosed colored glass people on stock boards like Investors Village and Yahoo. Kudos Cafe Pharma. Your site is reputable and performs a great service.