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Re: Vanilla Fitbit post# 20417

Monday, 09/14/2020 12:03:25 PM

Monday, September 14, 2020 12:03:25 PM

Post# of 44695
Wilma ...agree ...we need an Interim 2 update and hopefully a PR that the trial is fully enrolled .

I dont completely buy the "quiet period "as a reason for no Interim update

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 period with no formal or informal business discussions by management with analysts or investors.

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Interim updates are considered "material events " ...and I believe required by the SEC to be disclosed within a set number of days on the Co receiving that update .

Just speculating here but any delay can be caused by anything from very positive news ...FDA has decided to stop trial and authorize widespread use ...to less favorable news ...FDA wants Co to enroll more patients and increase power of the trial .

Kiwi