(Total Views: 217)
Posted On: 09/17/2020 12:08:32 PM
Post# of 36566
Hi, Assiduous,
I was discussing this w TC yesterday, and it seemed to me that GNBT should be in the "quiet period" due to their approved S1s and NGIO is not, since their S1s are not approved. Here is a quote from your 2nd link:
"The quiet period begins when the registration statement is made effective and lasts for 40 days after the stock begins trading."
To me that means that once the S1 is approved, the quiet period begins. As proof of that, Joe held a CC for GNBT 3 weeks ago, when the GNBT S1s were all long ago submitted and thought to be close to approval.
That is the same state NGIO is in currently, so it would make sense that Joe could hold a CC now for NGIO... before the S1s are approved. And it is my opinion that he should 100% do that next week.
I was discussing this w TC yesterday, and it seemed to me that GNBT should be in the "quiet period" due to their approved S1s and NGIO is not, since their S1s are not approved. Here is a quote from your 2nd link:
"The quiet period begins when the registration statement is made effective and lasts for 40 days after the stock begins trading."
To me that means that once the S1 is approved, the quiet period begins. As proof of that, Joe held a CC for GNBT 3 weeks ago, when the GNBT S1s were all long ago submitted and thought to be close to approval.
That is the same state NGIO is in currently, so it would make sense that Joe could hold a CC now for NGIO... before the S1s are approved. And it is my opinion that he should 100% do that next week.
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