NorthWest Biotherapeutics Inc (NWBO)

[akblack]

Quote:

Nobody will ever post a SEC rule that requires it, There is none.

There is no such SEC rule? ... Really?

I think its time for you to retire from whatever source of employment you seem to think you have, because are obviously not very good at it.

For your information, and the rest of the board:

https://www.sec.gov/about/offices/oia/oia_corpfin/princdisclos.pdf

"The U.S. Securities and Exchange Commission for example requires all public domestic companies to file annual and quarterly periodic reports that address certain specified disclosure items. In addition, all public domestic companies must file current reports on Form 8-K in the intervening period between periodic reports to disclose a specific, comprehensive list of events that are presumptively material: the list is reproduced in the annex to this Appendix. Such disclosure must be made within a few business days after occurrence of the corporate event that must be disclosed [5]. That list has recently been proposed to be substantially increased. The U.S. exchanges require disclosure of price sensitive information.

The definition of materiality that is used by the SEC has been developed by the courts and is not delimited by the notion of the effect on the price of an issuer’s securities. Thus, while the listed entity is required by the U.S. SEC’s rules to disclose specific information or events in a prescribed manner, if investors feel that the disclosure is inadequate or misleading they can take legal action against the issuer and the courts will determine the materiality of the disclosure or non-disclosure."

...

"[5] The SEC has proposed to shorten the deadline for such reports to two business days after the occurrence of the event."

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So there you have it, the rule exists in black and white.

The question now is simply, what qualifies as "Material" news. And answers to that have been discussed multifold here.