Please read this post about "timeliness" and the "
Post# of 87095
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Posted On: 04/05/2021 5:07:27 PM
Please read this post about "timeliness" and the "quiet period".
Many are getting concerned about no news in the first quarter as Doc indicated he would probably get it done.
First: 1. Remember we are legally "dark", non reporting. 2. The following pertains to reporting companies, but read it carefully.
3. Calendar basis for reporting is assumed.
4. This is my opinion, I am not an attorney.
We know corporate America (that are currently reporting financials) have a quiet period between the end of THEIR fiscal quarter and their next quarterly financial release. The CEO and top execs can NOT say anything that can directly impact their company share price.
Now, if Doc was to have released the year end 2020 financials and 8K, lets say a week, ten days or two weeks prior to March 31st, UNVC would immediately become "current". Therefore, Doc would have ONLY the remaining days until the end of the quarter to promote UNVC to the investment community, and on April 1st he would have to be "quiet" until the first quarter numbers are available. This is because UNVC would be "current" and therefore has to play by the same rules as other reporting companies. I kind of doubt if Doc can even put out both the 2020 financials and the 8K during the "quiet period" we are probably now in without having the quarterly financials at the same time. That is because the year end financials would bring us "current" and the 8K is very material to the stock price, so if I am correct he would have to wait until the first quarter numbers were in hand to also release the 8K with the 2020 financials. He probably could put out just the 2020 financials tomorrow, therefore become current, but without the first quarter numbers he would have to live with the "quiet period" rules, no 8k, no press releases, no TV, nothing. Please don't do that Doc.
So, looking back, I think what happened is when Doc answered "yes" to the question of up listing in the first quarter, everything was on schedule. Then something came up, my guess Amazon, that delayed things until too late in the quarter to have time for a launch that needs to be followed with interviews and press releases in a short time window before he would have to enter the "quiet period" April 1st. So no launch, even if everything else got finished, but too close the end of the quarter.
If I am correct, I am very thankful we have a CEO who wants to do it right and delayed the launch. "Timing is everything". And please, don't think for one minute Doc does not have to promote this company on the Nasdaq, so be thankful he waited.
I am sure Doc wants this to get done as much as we do but when you are working on a conglomerate there are a lot of moving parts to coordinate into a successful launch up to Nasdaq out of the OTC darkness. Don't forget we have to trade at least one full day and close at $4 (assuming top tier Nasdaq) to then open on the Nasdaq.
I hope this is helpful. It would be pertinent to ANY quarterly accounting basis we are on, so we could get news tomorrow.
Many are getting concerned about no news in the first quarter as Doc indicated he would probably get it done.
First: 1. Remember we are legally "dark", non reporting. 2. The following pertains to reporting companies, but read it carefully.
3. Calendar basis for reporting is assumed.
4. This is my opinion, I am not an attorney.
We know corporate America (that are currently reporting financials) have a quiet period between the end of THEIR fiscal quarter and their next quarterly financial release. The CEO and top execs can NOT say anything that can directly impact their company share price.
Now, if Doc was to have released the year end 2020 financials and 8K, lets say a week, ten days or two weeks prior to March 31st, UNVC would immediately become "current". Therefore, Doc would have ONLY the remaining days until the end of the quarter to promote UNVC to the investment community, and on April 1st he would have to be "quiet" until the first quarter numbers are available. This is because UNVC would be "current" and therefore has to play by the same rules as other reporting companies. I kind of doubt if Doc can even put out both the 2020 financials and the 8K during the "quiet period" we are probably now in without having the quarterly financials at the same time. That is because the year end financials would bring us "current" and the 8K is very material to the stock price, so if I am correct he would have to wait until the first quarter numbers were in hand to also release the 8K with the 2020 financials. He probably could put out just the 2020 financials tomorrow, therefore become current, but without the first quarter numbers he would have to live with the "quiet period" rules, no 8k, no press releases, no TV, nothing. Please don't do that Doc.
So, looking back, I think what happened is when Doc answered "yes" to the question of up listing in the first quarter, everything was on schedule. Then something came up, my guess Amazon, that delayed things until too late in the quarter to have time for a launch that needs to be followed with interviews and press releases in a short time window before he would have to enter the "quiet period" April 1st. So no launch, even if everything else got finished, but too close the end of the quarter.
If I am correct, I am very thankful we have a CEO who wants to do it right and delayed the launch. "Timing is everything". And please, don't think for one minute Doc does not have to promote this company on the Nasdaq, so be thankful he waited.
I am sure Doc wants this to get done as much as we do but when you are working on a conglomerate there are a lot of moving parts to coordinate into a successful launch up to Nasdaq out of the OTC darkness. Don't forget we have to trade at least one full day and close at $4 (assuming top tier Nasdaq) to then open on the Nasdaq.
I hope this is helpful. It would be pertinent to ANY quarterly accounting basis we are on, so we could get news tomorrow.
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