Sentence examples for it was based on speculation from inspiring English sources

The link to the scam caused Nomura shares to fall, though the bank denied involvement, claiming it was "based on speculation and not on fact".

The audit "is flawed and it should be dismissed because it is written by Biased Auditors and it is based on speculation," he wrote in a request for an appeal.

But the agency has since appeared to step back slightly from that theory, emphasizing that its judgment was based on speculation because no one can get close enough to the reactor to judge what is really happening.

Its IPO was based on speculation about WMD's, terrorist connections, and the desire and capacity of people we didn't know to adopt a form of government they didn't know.

In his dissent, Justice Bernard J. Malone Jr. said that the majority ruling was based on "speculation," and that it was "equally probable" that professional and personal problems had led to Dr. Philip's "unfortunate fate".

Another person with long experience in military intelligence put it this way: "Everyone knew from the start that there was no smoking gun and the assessment was based on speculation, anecdote and outdated information, not current evidence.

Ferris acknowledged this was based on speculation.

Much of that was based on speculation.

The National Farmers Unionn suggested the leaked list was not official and was based on speculation.

"Mind you, this case was based on speculation and very little fact.

The PriceWaterhouseCoopers report was "based on speculation and guesswork" that "differed from fact" and "led to misunderstandings," the statement said.