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Re: sps50 post# 11007

Thursday, 12/08/2011 3:01:12 PM

Thursday, December 08, 2011 3:01:12 PM

Post# of 85933
I like the sound of that. I would like to hear from someone who is on top of the regs regarding requirements for things like 8-Ks for major PR news major company news, versus minor news and updates. I know I have seen many CEO's do regular minor updates with out treating the updates as major 8-K filings every time they answer a simple minor investor question for clarification purposes(which are costly, and thus counter productive). But I wish I knew more about where the legal boarders are between the two, how are they defined in the regs. In other words what kind of questions and answers are possible, versus ones that need to go through a more formal route. I suspect it partly depends on reporting status of the company.

My company never reached the public firm, reporting status level, but I updated my investors almost daily for 2 years in the early days.

Ambition with out knowledge is like ship in dry dock. Going nowhere fast!