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Re: biosectinvestor post# 337442

Wednesday, 12/09/2020 3:44:14 AM

Wednesday, December 09, 2020 3:44:14 AM

Post# of 714847
The fiduciary duty to promptly disclose materially adverse events in public companies is codified as 4 days. Your argument seems to be that a report from the 3rd party statistician that failure of the primary endpoint would not necessarily trigger a duty to disclose. I say it would.
Let's leave it there because if I agree with you we would both be wrong. Haha.
I am not saying that is giving any assurances that this means trial did not fail or is a reason to not sell shares. No it does not give any assurances and if someone thinks the company would not disclose they should be very afraid. If someone thinks management does not have these duties to shareholders they should not invest. If they think this particular company will not faithfully carryout these duties they should think about selling.
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