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Mike_from_NJ
Guest
Let’s say I want to invest in a publicly-traded cell phone company. Let’s also say that for the most part each person only has phones with one cell phone company at any one time. In the United States publicly-traded companies must file reports with the Securities and Exchange Commission with give detailed information about their company to potential investors, including their customer base.What misrepresentation is going on? Where is the Church or anyone else claiming that every baptised Catholic on its records is practicing or self-identifies as Catholic?
So I’m interested in investing with Grandiose Cellular. I check out their latest annual statement and want to know how many customers they have.
Let’s say that unlike Massive Cellular, Immense Cellular, and all of the other cell phone companies they tally their customer base differently. Instead of counting the number of people with an active contract with them they count all living people who have ever been customers with them. This includes people who rather liked Grandiose but were happier with another provider, people who were dissatisfied with Grandiose and moved to another provider, and those people who decided they simply don’t need a cell phone.
If Grandiose Cellular in their annual statement said they had “100 million customers” but really had 80 million customers under contract, would you consider that to be a misrepresentation if they didn’t explain in their annual statement how they arrived at such a figure? I know I would. Would it be fair to the people who filed complaints or other trouble with Grandiose that they be included as though they were happy with Grandiose?
If instead Grandiose Cellular still tallied their customer base the same way but said upfront and with no chance of misleading anyone “We came to our total of 100 million by including all people who currently or previously had a contract with us, as our mission statement is to provide quality service to everyone,” then that’s a different story. It doesn’t tell me the information that I’m looking for (i.e. how many people are currently by choice with the company) but also doesn’t make it seem they have more customers than they really do.
A lack of forthrightness – like in the articles I linked to in the first post – are most certainly misleading in making those who read it (and not aware of the unique method of tallying the Catholic Church uses) think there are more by-choice members than there really are.