Put even clearer, STHC is an alternative pink sheet company, they are not bound by the SEC reporting rules or exchange act meaning they have no obligation to file an 8k within days of material news or events, they do not have to PR anything and merely need to file their financial statements and that is all. So the idea of Mark having to disclose issues with the shell earlier even if he knew is not based on any reporting rules for pink sheet filers as there is no obligation to timely disclose news or material events.
And any PR or news is protected via safe harbor meaning nearly anything in a PR can't be held against them
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