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Re: DONT SQUEAL post# 49766

Thursday, 01/25/2018 2:50:06 PM

Thursday, January 25, 2018 2:50:06 PM

Post# of 68549
DS your recitation of the quiet period is technically correct. However, the quiet period really covers two things (i) trading by insiders in company stock and (ii) the release of non-public financial information.

The way to think about a quiet period is that it should start right before the end of a financial reporting period and end on the date results for that period are publicly released.

In the case of ECOS the quiet period is driven by the release of earnings for the December 2017 period, not the amendments of prior filings. Their quiet period should technically continue until they release Q4 2017 earnings.

During a quiet period a registrant can issue press releases for new deals or activities. It is often done. I have seen it done plenty of times and I am aware of a case of a real public company that is intending to make an announcement of a large deal before their quiet period ends. The SEC is perfectly okay with these types of announcements.
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