look at it this way: he has at least something tangible to show the SEC if confronted by them. He's not supposed to disclose any forward looking positive news with the S1 still under review. But hey: "I made everybody sign a confidentiality agreement. Here it is...".
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.