InvestorsHub Logo
Followers 0
Posts 4670
Boards Moderated 0
Alias Born 10/01/2007

Re: TomThomas post# 44536

Tuesday, 11/23/2010 4:54:06 PM

Tuesday, November 23, 2010 4:54:06 PM

Post# of 105534
Looks like sChissler the CEO of "an up and coming business" as you put it, had a fiduciary duty to fairly disclose a dilutive convetible $750,000 loan to his shareholders...I'm just sayin...

Yes, there are rules and regulations in place:

"Fair Disclosure, Regulation FD
On August 15, 2000, the SEC adopted Regulation FD to address the selective disclosure of information by publicly traded companies and other issuers. Regulation FD provides that when an issuer discloses material nonpublic information to certain individuals or entities—generally, securities market professionals, such as stock analysts, or holders of the issuer's securities who may well trade on the basis of the information—the issuer must make public disclosure of that information. In this way, the new rule aims to promote the full and fair disclosure."

http://www.sec.gov/answers/regfd.htm

Who knows, somebody that might have had info regarding the dilutive convertible loan sold shares into the last recent rally...IMHO...

Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.