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This excerpt taken from the MRY 10-Q filed Nov 13, 2006. This excerpt taken from the MRY 10-K filed Sep 20, 2006. ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK Market risk generally represents the risk of loss that may be expected to result from the potential change in value of a financial instrument as a result of fluctuations in credit ratings of the issuer, equity prices, interest rates or foreign currency exchange rates. We do not use derivative financial instruments for any purpose. We are also subject to interest rate risk on our $3.4 million notes payable with Webster Business Credit Corporation at June 30, 2006. Interest on the notes payable is variable based on LIBOR or an alternate base, as defined. We do not believe that an increase or decrease of 10% in the effective interest rate on the notes payable would have a material effect on our future results of operations. This excerpt taken from the MRY 10-Q filed May 15, 2006. ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK There has been no material change to the Company’s disclosure on this matter made in the Annual Report on Form 10-K/A for the year ended June 30, 2005.
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Table of ContentsThis excerpt taken from the MRY 10-Q filed Nov 14, 2005. This excerpt taken from the MRY 10-K filed Oct 28, 2005. ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
Market risk generally represents the risk of loss that may be expected to result from the potential change in value of a financial instrument as a result of fluctuations in credit ratings of the issuer, equity prices, interest rates or foreign currency exchange rates. We do not use derivative financial instruments for any purpose.
We are also subject to interest rate risk on our $4.3 million notes payable with Webster Business Credit Corporation at June 30, 2005. Interest on the notes payable is variable based on LIBOR or an alternate base, as defined. We do not believe that an increase or decrease of 10% in the effective interest rate on the notes payable would have a material effect on our future results of operations.
This excerpt taken from the MRY 10-K filed Sep 27, 2005. ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
Market risk generally represents the risk of loss that may be expected to result from the potential change in value of a financial instrument as a result of fluctuations in credit ratings of the issuer, equity prices, interest rates or foreign currency exchange rates. We do not use derivative financial instruments for any purpose.
We are also subject to interest rate risk on our $4.3 million notes payable with Webster Business Credit Corporation at June 30, 2005. Interest on the notes payable is variable based on LIBOR or an alternate base, as defined. We do not believe that an increase or decrease of 10% in the effective interest rate on the notes payable would have a material effect on our future results of operations.
This excerpt taken from the MRY 10-Q filed May 16, 2005. This excerpt taken from the MRY 10-Q filed Feb 14, 2005. | EXCERPTS ON THIS PAGE:
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