Thursday, December 07, 2017 3:58:29 PM
Securities is not my primary area of expertise, but I believe the company might not be obligated to correct the disclosure in the prior example (10 days 100 days).
https://www.kattenlaw.com/files/upload/Disclosure_Duties_Arising_Under_Section_10B_When_To_Correct_Or_Update.pdf
The first paragraph under Section I, Duty to Disclose, is particularly informative. See below
Since there is an exception in Reg FD for disclosures made under an NDA, I am not sure there is a positive duty for NWBO to disclose, even if it is information we'd very much like to know! Sometimes the law and concepts of "fairness" don't align either.
Good luck to all.
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