I didn't think the announcement had to be that far

I didn't think the announcement had to be that far in advance, but announcing beforehand is required so it's considered an actual "public dissemination of information." otherwise, someone in a company could tip off some hedge fund buddies to be ready to buy a bunch of stock, announce a call and have it before the rest of the market could attend / listen in, and say the purchases were based on "public information." I don't recall hearinf this, but from the board earlier this morning...

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Posted On: 03/18/2021 9:29:19 AM
Post#
83403
of 83516

Posted By: z_smith01
In the past, MM told us shareholders that a PR on an upcoming conference call or webcast had to be issued at least 48hrs before the event in order to qualify (presumably by SEC rules) as a formal public disclosure. That is why we always have a couple of days between the PR and the event.


Read More: https://investorshangout.com/post/view?id=608...z6pUGf9QYL

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