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Re: attilathehunt post# 99099

Sunday, 04/02/2017 3:24:41 PM

Sunday, April 02, 2017 3:24:41 PM

Post# of 462173
Quote: "...it wasn't as good as they hoped...: is IMO the least likely explanation. If the abstract of the 15-month data had NOT been disclosed, then arguably the company would not have an obligation under the securities laws to release 15-month data that "wasn't as good as they hoped". However, since the abstract had been disclosed, the failure to disclose 15-month data that "wasn't as good as they hoped" would expose the company to 10b-5 claims for "omitting to state a material fact necessary in order to make the statements made, in the light of the circumstances under which they were made, not misleading". All IMO
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