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Re: ssmitho post# 48627

Monday, 03/11/2013 2:14:49 PM

Monday, March 11, 2013 2:14:49 PM

Post# of 158400
FDA rules state they have 30 CALENDAR DAYS to approve or disapprove and if no approval is given then they have AUTOMATIC APPROVAL which should be Thursday. Then SEC RULES state that you have 4 BUSINESS days to release a 8k after news was approved. So if the 30 days ended last Thursday then the 4 days should be Tuesday.

It just does not make sense to me that the FDA would wait to the last minute to deny it.

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