Quote:
Originally Posted by Peter_Spaeth
But it comes to the same thing. If having a number grade is material, so too is NOT having one, in the other direction. MINSIZE is materially different from 6.5. Here, MINSiZEs sold for 17 and 21K, and 6.5 will sell for 150K or more. This is not complicated. The case for disclosure is very simple.
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Then explain why it isn't material to disclose that it received a lower number grade from another company. It's the same logic. The lower number will sell for less and is therefore material, right?
Further, there is an actual material difference between those minsize sales and this one. Those didn't have another reputable company verify that it wasn't trimmed. The subsequent grade alleviates fears that minsize might mean trimmed.
You can't assume materiality from differing circumstances.