JB and ZJMY Holding Co (JBZY)

[jymshoe]

The company may choose not to communicate or they may be required not to communicate... If, for example they have filed an S-1 registration application, they are very restricted on what they may and may not say in order to avoid 'gun-jumping'...

Non-Reporting Issuers and the S-1 Quiet Period

"Non-reporting issuers include both private companies filing an S-1 Registration Statement in order to “go public” on the OTC Bulletin Board (“OTCBB”) or OTCQB and those already public voluntary filers, Pink Sheet or Gray Sheet companies that are not SEC filers under the 34 Act.

These Non-Reporting companies can, at any time, continue publishing factual business information that is regularly released and intended for use by persons other than in their capacity as investors or potential investors.

Companies going public on the OTCBB or OTCQB by filing an S-1 Registration Statement should carefully consider the content and tone of all communications, whether they are news releases or simply posts on their blog or website. Any reference to the the pending S-1 Registration Statement, the prospectus, or the offering, is a bad idea during the S-1 Quiet Period and may be considered “gun jumping.”

If Non-Reporting companies feel compelled to release any news during the S-1 Quiet Period they should have such news or press releases reviewed by experienced securities legal counsel prior to such releases. S-1 lawyer Matt Stout can review news releases before they are posted."


http://otclawyers.com/what-is-the-s-1-quiet-period/