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Re: kabunushi post# 333979

Saturday, 11/28/2020 10:15:45 PM

Saturday, November 28, 2020 10:15:45 PM

Post# of 698542
In regard to the SEC letting a company withhold information that can be viewed as a forward looking statement until a certain event happens, my friend from law school said that it could be a possibility. They don't want information that can be gleaned from the quarterly accounting without a statement that follows explaining the reason for the accounting entry. He said that as long as the company has an open dialogue and the SEC find them forthcoming, the delay can be excused. Take that from what it is. He also said there could be other reasons, which might involve the company simply not being able to get the work done on time, at which point it is up to the SEC whether they would fine the company.
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