IZON Network Inc. (IZNN)

[Py11]

Hmmm wonder what the hell is going on. Kind of a frustrating time right now. Hopefully the up list happens soon so we can hear from the company again. I think we're in that quiet period where the SEC doesn't want them saying much.


What do you want to be careful of or avoid if you are using Public Sale of Free Trading Stock Form S-1?


Quiet Period Restrictions

The SEC does not want you to pre-condition the market for your public offering. So they impose restrictions on what you can say publicly in advance of filing your registration statement and during the period of time that they are reviewing your registration statement.

As to what you can or can’t say during the quiet period, note however that there’s a difference between being quiet and being gagged. You can respond to unsolicited questions from the press; however, the key word is unsolicited. But be careful, what you think is unsolicited may not be. For example, a CEO of a company was interviewed by a major business publication and featured in an article about the brightest 25 young entrepreneurs. The article appeared during the quiet period of his company’s IPO. Unfortunately, someone else in his company had solicited the article.

What happened? What happens is the SEC just stops the review process for however long they want. And there’s not a darn thing you can do about it.

Although you also can continue to issue press releases about your business, this area is also a little tricky. Continue is the key word, but that’s not the end of the story. To avoid violating quiet period restrictions, you have to show a long history of issuing similar releases starting well before your filing. But you can still be penalized if you promote your filing in the releases.

Just one more thing. If you do engage in “legal talking” during the quiet period, make sure you don’t say anything that isn’t in you filing. Now you don’t have to read it verbatim. But if you paraphrase, paraphrase very closely. Or once again, you’ll end up in violation.




http://www.goingpublicinformation.com/selling_stock_getting_ticker_symbol.htm