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Friday, May 29, 2020 6:37:00 PM
Data freeze is a very critical step, and they absolutely have to get it right. If the database has to be unlocked after it has been locked, due to missing data or an error, then data integrity will be questioned. Usually there will be a “soft lock” and a dry run performed to ensure that any missing data or errors are noted and corrected before the all important data lock step. This is one of the many reasons data lock can be delayed.
I don’t think it’s as harmful as you say not to announce it, but I think being on the OTC, and trading for pennies, it would be more beneficial to announce it, than not.
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