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Re: ChessLover post# 123885

Thursday, 12/21/2017 11:06:41 AM

Thursday, December 21, 2017 11:06:41 AM

Post# of 203937
You can say whatever pleases you. Management CAN'T sit on substantive news that is considered a material event. It's illegal. I believe they have 4 business days to announce material events as they occur. (corrections welcome)

The efficacy study was completed a year ago. I assume you mean the IRB safety study. I agree that many including myself thought it would be completed by September at the latest. It was not, but their timeline now states that it WILL be completed in Q1 2018... and they put that in writing. I have more patience here, and if you're long I suggest you employ the same.

Current Reports on Form 8-K.

Subject to certain exceptions, a Form 8-K must be filed within four (4) business days after the occurrence of the event being disclosed. No extension is available for an 8-K. Companies file this report with the SEC to announce major or extraordinary events that shareholders should know about, including entry into material agreements; mergers and acquisitions; change in control; changes in auditors; the issuance of unregistered securities; amendments in company articles or bylaws; company name changes; issues with reliance on previously issued financial statements; changes in officer or directors; bankruptcy proceedings; change in shell status regulation F-D disclosures and voluntary disclosures (voluntary disclosures have no filing deadline).
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