Let me put it this way: we need the kind of regulations Canada has for its own version of the Pinks. We need for ALL public companies to be required to file with the SEC quarterly, or lose their registration.
Janice, where does it state what the timeframe is for a CEO to put out a PR? You make it sound like a set rule.
Now if CMKX were a reporting company, yes, there would be "time frames" for releasing material information. Check the rules concerning the release of material information and events in the Form 8-K.
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