(Total Views: 703)
Posted On: 03/03/2021 1:54:00 AM
Post# of 153916
As an ex-Corporate Treasurer, were I seeking to postpone disclosure, I wouldn't hesitate to make the following argument to an SEC attorney:
"It's a pandemic, not business as usual. The trial results aren't determinative of anything. The FDA/MHRA/Canada discussions are what matters. The agencies could accept non-statistically significant results. Conversely, significant results could require further boxes to be checked. We know nothing until the talks conclude."
It's like a merger negotiation - your disclose you have begun talks, then say nothing until the talks are either called off or conclude with a definitive agreement.
"It's a pandemic, not business as usual. The trial results aren't determinative of anything. The FDA/MHRA/Canada discussions are what matters. The agencies could accept non-statistically significant results. Conversely, significant results could require further boxes to be checked. We know nothing until the talks conclude."
It's like a merger negotiation - your disclose you have begun talks, then say nothing until the talks are either called off or conclude with a definitive agreement.
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