I don't think that the concept of quiet period is clear at all, but I am pretty sure that the SEC has gone after companies for putting out press releases while "you are trying to get through processes with the SEC, FINRA, OTC Markets (thanks to the powers bestowed upon them by the SEC) or other backlogged regulatory bodies."
Sharp has highlighted companies that got in trouble pumping while getting through the process with the SEC. Sharp consulted Foote. So there is that.
And even if there was a quiet period, it would not prevent the disclosure of material information of they type you are describing at any time.
Agreed. That is why I stated:
We could, however see an 8k that gives us more clarification on the situation at hand.
I personally would choose an 8k over a PR for the above reason - providing material information to shareholders instead of having a handful of bashers claim it was pumping.