Wednesday, August 16, 2023 5:53:29 PM
Per Irach in an email last week
Thanks for reaching out.
As you are possibly aware, the SEC rules specifically require that when a S-1 registration statement is put out there and still effective, a public company must maintain a 'quiet period" wherein a company's management and marketing teams cannot release any additional information or offer opinions on the firm than those which are present and contained in the registration statement. That explains the long silence and lack of news flow.
Now that the S-1 has been duly withdrawn, one may expect such information and updates to be released when available, with the caveat that there is an additional 30-day moratorium period after the S-1 has been withdrawn. One may therefore expect a news flow post that 30-day moratorium period.
Regards,
Irach
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