Avid Bioservices Inc (CDMO)

[exwannabe]

"If the DTRA happens, aren't they obligated to PR it within so many days? "

No, this is a common misunderstanding of regulation FD (sic).

The rule is that IF the company discloses the information to analyst/fund/banker types THEN they must publicly disclose withen a short timeframe.

As long as they don't let there favorite Wall Street boys know, they can keep quite.

BTW, regulation FD is a farce. The day or so they allow is plenty of time to rape the reatil guys.

A real regulation would be to require all such information to be transmitted via open internet channels. The company could thus disclose whatever they want to their favorite analysts, but eberybody would know real time.

But, the SEC has no interest in really addressing the leaked info issue.