Hy, I may swing and miss here, but it has been my
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Posted On: 06/26/2020 4:36:28 PM
Hy, I may swing and miss here, but it has been my IMPRESSION that regulatory filings (8k, 10Q, etc) can be released during a "quiet period", but PR statements should not be released. I believe that CCs would also be discouraged during the QP.
Todd might know the actual requirements here, since he is subject to most of them. Here's what Investopedia says:
"What Is a Quiet Period?
Prior to a company’s Initial Public Offering (IPO), the quiet period is an SEC-mandated embargo on promotional publicity. This prohibits management teams or their marketing agents from making forecasts or expressing any opinions about the value of their company.
For publicly-traded stocks, the four weeks before the close of a business quarter is also known as a quiet period. Here again, corporate insiders are forbidden to speak to the public about their business to avoid tipping certain analysts, journalists, investors, and portfolio managers to an unfair advantage – often to avoid the appearance of insider information, whether real or perceived....
With an IPO, the quiet period stretches from the time a company files registration paperwork with U.S. regulators through the 40 days after the stock starts trading....
With publicly-traded companies, the quiet period is a reference to the four weeks before the end of the business quarter."
There's more in the Investopedia page if you want to follow up.
https://www.investopedia.com/terms/q/quietperiod.asp
What's strange is that if NGIO is an IPO, and the Form 10 has been filed and accepted, I'd think that it would be in it's QP. Maybe it's from when the S1 stock registration paperwork is filed, which would allow NGIO to have a CC and discuss the new company...but that means the S1 will not be filed until after July 10.
Again, don't know for sure and don't know of any resource that will give us absolutely accurate answers.
Todd might know the actual requirements here, since he is subject to most of them. Here's what Investopedia says:
"What Is a Quiet Period?
Prior to a company’s Initial Public Offering (IPO), the quiet period is an SEC-mandated embargo on promotional publicity. This prohibits management teams or their marketing agents from making forecasts or expressing any opinions about the value of their company.
For publicly-traded stocks, the four weeks before the close of a business quarter is also known as a quiet period. Here again, corporate insiders are forbidden to speak to the public about their business to avoid tipping certain analysts, journalists, investors, and portfolio managers to an unfair advantage – often to avoid the appearance of insider information, whether real or perceived....
With an IPO, the quiet period stretches from the time a company files registration paperwork with U.S. regulators through the 40 days after the stock starts trading....
With publicly-traded companies, the quiet period is a reference to the four weeks before the end of the business quarter."
There's more in the Investopedia page if you want to follow up.
https://www.investopedia.com/terms/q/quietperiod.asp
What's strange is that if NGIO is an IPO, and the Form 10 has been filed and accepted, I'd think that it would be in it's QP. Maybe it's from when the S1 stock registration paperwork is filed, which would allow NGIO to have a CC and discuss the new company...but that means the S1 will not be filed until after July 10.
Again, don't know for sure and don't know of any resource that will give us absolutely accurate answers.
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