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Thursday, August 12, 2021 3:01:52 PM
does not constitute major investor news. It is neither a proven sale or a LOI for as yet to be funded sale; the release of audited financials, change in directors or officers nor anything material.
A Chamber of Commerce is a venue for businesses to share concerns on taxes, regulation and to drive business to one another. On the social side, they have very nice dinners. At best, they may be able to lend a lukewarm support for a local business. They have started to lose some of their leverage with local or county governments.
This is not to say that the news is not a good thing but it is not overly relevant to the raising of funds for the firm and its clients.
It begs the question of why there is an over exuberance of hype on such a release. If I join the gym it does not necessarily follow that I provide the society pages with that "news".
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