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Monday, April 28, 2008 8:24:38 PM
Do you think this could apply to Spooz at the moment, as the audit is complete, and we are expecting papers to be filed with the SEC?
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Quiet Period
The federal securities laws do not define the term "quiet period," which is also referred to as the "waiting period." However, historically, a quiet period extended from the time a company files a registration statement with the SEC until SEC staff declared the registration statement "effective." During that period, the federal securities laws limited what information a company and related parties can release to the public.
http://www.sec.gov/answers/quiet.htm
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