Don't get your hopes up, boys and girls....from In
Post# of 36536
Quiet Period
By WILL KENTON Updated Jun 5, 2019
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.
KEY TAKEAWAYS
A quiet period is a set amount of time in which a company's management and marketing teams cannot share opinions or additional information about the firm.
The purpose of the quiet period is to preserve objectivity and avoid the appearance of a company providing insider information to select investors.
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.
Me thinks the lawyers are probably doing us a favor, although it currently doesn't seem like it.