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Re: clawmann post# 88907

Wednesday, 09/13/2006 8:06:25 AM

Wednesday, September 13, 2006 8:06:25 AM

Post# of 326400
Clawman, I believe your position at the time this was debated, was that NEOM didnt not fall under the new QP rules, because they were a penny stock. The new QP rules allowed companies to be more open during a QP and to disclose more info to the shareholders. It was your position and several others here as well, that NEOM fell under the older much more restrictive rules. One of your posts even contained a snyopsis that stated that nothing could be released that was not a part of the new filing or pertaining to the new filing?

I of course debated the opposite, and even used PRs from NEOM during the QP that contained forward looking statements, and many here claimed in their view those examples were not forward looking.

The new QP rules do allow companies to release material news during a QP, if its something they would do in mormal operating procedures and they have a history to show it. The old rules which you opined NEOM had to abide by is contained in your post 54910. Read all your posts of Jan 31st ont this issue, there are about 20.

Its interesting to see that you now agree with me that they can disclose material news, without restrictions.

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