Biotech Values

[DewDiligence]

I challenge you to find a company successfully prosecuted for disclosing an material fact where they disclosed it over the phone to anyone that asked.

As I noted in a prior post, the proper procedure when a company gives out material information selectively is to follow-up with an 8-K filing that describes the selectively-disclosed information. Doing this promptly absolves the company from legal liability under Reg FD.