CV Sciences Inc (CVSI)

[baldingcontrarian]

Re the leak of rev q4,

A non intentional material leak of non public info, where the info was only furnished to limited participants,(now this is critical) and there is a reasonable likelihood that only a limited group will be able to trade on such info, triggers a 24 hour rule for the issuer to release a widely disseminated 8k and or press release, availing all market participants the info.

The 24 hour rule doesn’t apply if the info is leaked on a Friday, in that case the issuer can widely disseminated the info on the following Monday.

So while I’m not an attorney, that’s the gist of Reg FD as it pertains to non intentional and selective release of material non public info.

Unless I’m reading the clauses of reg FD wrong we may get a rev pre announcement
Like we did 2 quarters ago

That it from here