JimmyO your question about Dalton sending private messaging to shareholders, Courts and regulators usually categorize vague, high-level statements about future desires or exchange ambitions as "puffery"--aspirational statements that a reasonable investor cannot legally rely on as a guaranteed material fact.
In the second screenshot from 2020, Dalton posted "Pennies to dollars / Nasdaq." If years pass without a formal Nasdaq application, registration statement, or audited filings supporting that claims were grounded in active legal execution, such statements move from simple optimism to potential materially misleading statements under Rule 10b-5.
Does the SEC go after Dalton-99.9999 NO, he knows this, they sit right on the edge of federal securities compliance rules. Why it straddles the line: If the company had not formally applied to Nasdaq or taken concrete regulatory steps, a one-word reply like "Nasdaq" is legally classified as unsubstantiated puffery or hype rather than actionable inside information. No application was ever filed
PL
In the second screenshot from 2020, Dalton posted "Pennies to dollars / Nasdaq." If years pass without a formal Nasdaq application, registration statement, or audited filings supporting that claims were grounded in active legal execution, such statements move from simple optimism to potential materially misleading statements under Rule 10b-5.
Does the SEC go after Dalton-99.9999 NO, he knows this, they sit right on the edge of federal securities compliance rules. Why it straddles the line: If the company had not formally applied to Nasdaq or taken concrete regulatory steps, a one-word reply like "Nasdaq" is legally classified as unsubstantiated puffery or hype rather than actionable inside information. No application was ever filed
PL
1
