US Stem Cell Inc (USRM)

[Dragon Lady]

No, Quote, "Yeah it's on record"

Nothing there "on the record" in which the CEO says specifically that there will be "no news announced until the 10-Q is released".

Simply does not exist. I did not hear it or read it- it's not there.

http://www.sec.gov/answers/form8k.htm

This is one place (among many)in which the SEC discusses a public companies obligation to release "material event" items (aka important "news") to public shareholders- there are dates given, as in maximum number of days allowed in which the filing must be made to disclose the info to the public.

Quoting from the SEC page:

" Form 8-K is the “current report” companies must file with the SEC to announce major events that shareholders should know about."

http://en.wikipedia.org/wiki/Regulation_Fair_Disclosure

Discusses "fair disclosure" law- again, the concept that key "news" when known, must be made available to all the public at the same time, as in no "selective releases", holding back key "news" that might affect the course of the business, etc

Quote:

"Regulation FD fundamentally changed how companies communicate with investors by bringing more transparency and more frequent and timely communications, perhaps more than any other regulation in the history of the SEC."

Another govt. website talking about the importance and requirements for public traded companies to disclose "key events" or "major events" aka " big news" that would be "material" to the business in a timely and equal manner to all the public:

http://investor.gov/introduction-markets/how-markets-work/public-companies

It's all over via simple research. Material events must be made known- they can't be hidden if they can affect the course of the business, it's financial condition, have a major impact on the stock either positive or negative, etc. It's a hallmark of public company disclosure laws. Nothing new or unusual. "material events" get disclosed when known. Simple as that IMO.