Best Practices for Conference Calls and Presentations

Not surprisingly, printed information does not have as immediate an impact on the price of your stock as oral communication has. Even less surprising is that conversations or personal presentations to limited audiences are the most likely opportunities for getting into disclosure trouble. Do not disclose material information for the first time to limited audiences! You cannot be too vigilant about this. Analysts, experienced investors, and reporters are masters at prompting you to divulge everything that is material or could soon be material. They are not violating any regulations by asking questions. The aggravation they may exhibit when you cite Reg FD pales in comparison to the response you will get from the SEC for improper disclosure. Be ever mindful. When in doubt, KYMS.