Quote:"Is it a requirement of the SEC that every 'if, then,' letter they send to a company be PR'd? If it is not a requirement, does the company have to weigh whether it does more harm than good?"
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The SEC informing QMC of it's possible revocation due to the failure of filing is a major material event. It let's investors know that the company is on a hard time limit until their investment is wiped out.
Not telling investors does MORE harm to Squires himself, as trust within him is lost. The only reason ( in my opinion ) he did not tell investors is because he knew the PPS would tank.
To state that a revocation notice from the Security Exchange Commission themselves may not meet the requirements to inform investors is outrageous.
Furthermore, if I am reading the following correctly:
Item 3.01 Notice of delisting or failure to satisfy a continued listing rule or standard; transfer of listing
EventRegistrant receives notice from its principal national securities exchange or national securities association that:
registrant or a class of registrant’s securities does not satisfy a rule or standard for continued listing
Also:
Item 8.01 Other events
EventRegistrant elects to disclose any event, with respect to which information is not otherwise required by Form 8-K, that it deems of importance to security holders, including the non-public information required to be disclosed by Regulation FD
***that it deems of importance to security holders***
A Revocation notice from the SEC sounds pretty damn important to me.
https://www.cooley.com/resource/triggering-ev...r-form-8-k
Quantum Materials Corp. (QTMM) Stock Research Links
My posts is of my opinion only. Please conduct your own Due Diligence; this is YOUR investment.
