We are often asked to provide a "likelihood of success" opinion (frequently with percentage thresholds) with respect to a proposed transaction. As anyone whose been asked for such an opinion knows, it is far from an exact science.
This document has been around for a while, but recently arrived on our desks again. It is a helpful (and humourous) listing of each percentage along with its corresponding "plain english" explanation.
Enjoy!
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The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances. Specific Questions relating to this article should be addressed directly to the author.
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