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Posted On: 06/29/2023 3:00:33 PM
Post# of 148871
They sign an NDA and agree not to trade on the information until it becomes public.
This doesn't relieve the obligation of the company to reveal material information within four days, but that is always a bit of a fuzzy line. For example, they can tell persons under an NDA that they "expect" something to happen. That would likely not qualify as something disclosable under the materiality rule.
This doesn't relieve the obligation of the company to reveal material information within four days, but that is always a bit of a fuzzy line. For example, they can tell persons under an NDA that they "expect" something to happen. That would likely not qualify as something disclosable under the materiality rule.
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