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Re: nidan7500 post# 203419

Friday, 07/26/2019 11:11:18 AM

Friday, July 26, 2019 11:11:18 AM

Post# of 462060
Nidan The lack of communications currently is probably related to so called "Quiet Periods" and Anavex wants to be overly cautious to avoid another one or more lawsuits.
One reference below states a quiet period of 4 weeks prior to end of a fiscal quarter and another reference states a 4 week period prior to publishing the quarterly earnings report. This would amount to two months of being "Quiet"so I can understand the lack of current information.

Quiet period - Wikipedia
What is the quiet period for earnings?
1. Quiet Period — The period beginning on the quarter-end date and ending at the time of the earnings release for that quarter should be observed as a quiet periodwith no formal or informal business discussions by management with analysts or investors.



Quiet Period - Investopedia

For publicly traded stocks, the four weeks before the close of a business quarter are also known as a quiet period. Here again, corporate insiders are forbidden to speak to the public about their business to avoid tipping certain analysts, journalists, investors and portfolio managers to an unfair advantage – often to avoid the appearance of insider information, whether real or perceived.

Debating the objectives of quiet periods and the SEC’s enforcement are commonplace in financial markets. Particularly after well-known IPOs, such as Facebook in 2012 – which prompted more than a dozen shareholder lawsuits accusing the social networking company and its underwriters of obscuring its weakened growth forecasts ahead of the listing. Small investors complained they were at an informational disadvantage after underwriters’ research analyst supposedly passed new and useful earnings estimates to large investors only.



Anavex already suffered from a phony lawsuit by an investor (?) when they listed on NASDQ. I believe the claim was a loss of a few hundred dollars as I recall. I imagine Missling and our Board of Directors have been and are being exceptionally careful to avoid this happening again since there are so many big pharma that will be affected if and when Anavex shows any success at all.
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