IMO, I know in the past that it was debated here about XNRG using the website to provide information. I found the guidance from the SEC on using company websites and social media that they permit companies using these mediums to deliver company information in accordance with regulation FD, anti-fraud provisions, and other SEC regulations.
SEC Says Social Media OK for Company Announcements if Investors Are Alerted
The above link refers to a 2008 SEC guidance about using company website to provide investors information in accordance with regulation FD. The guidance is here:
IMO, based on what I read, postings on company websites and social media does not replace SEC quarterly and annual filings, but websites and social media can be used to update shareholders in lieu of 8Ks. JMHO
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