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"We found a definite understatement of value with these properties," said Martha E. Stark, the finance commissioner.
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In this context, the board and its advisors should not be using a set of projections that depict what the company "should" be doing but cannot achieve or are so easy to achieve that they will lead to an understatement of the value of the company.
Substantial understatement of income tax.
§ 1.6662-4 Sunderstatementerstatement of income tax.
That's the understatement of the year.
(The understatement of the year).
Understatement of the decade perhaps ?
The understatement of "probably the stress".
"That sure was the understatement of the year".
"That's the understatement of a lifetime," Savitt said.
Said McElwain, "Yeah, that's the understatement of the year".
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CEO of Professional Science Editing for Scientists @ prosciediting.com