Thursday, October 19, 2017 7:49:39 PM
They should not really discuss anything that has not already been disclosed. If they do, it needs to be followed up by a PR and 8K pretty quickly.
The SEC is concerned with “accuracy” and “adequacy” in terms of public disclosures or statements. So while accuracy is pretty straight forward, adequacy is where penny stocks generally run into issues. You can’t tease stuff. If you can’t fully disclose then it’s best not to disclose anything.
How the stock reacts to this is entirely up to the market. But they are held to the same standard as they are for their filings. They must be accurate and adequate.
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