Monday, April 25, 2022 2:16:57 PM
That information is considered material information and needs to be disclosed within a short period of time as per the SEC.
They still need to prove they actually purchased these companies or its considered false information in the PR
https://www.sec.gov/rules/final/33-7881.htm
Disclosure rules require that companies report all material information about their business and financial affairs to the public in a timely and fair manner. These rules aim to ensure that investors are given equal access to material information.
A foundational principle of the U.S. securities laws is that public companies have an obligation to publicly disclose information to prospective investors and shareholders so that they may make informed investment and proxy voting decisions.
All my posts are in my opinion unless laws are cited.
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