I repeat: news, but not by the 15th. There are a number of positive items on the horizon, and we'll receive news soon. It will be good news but don't expect to hear anything by March 15th. I repeat - don't expect any news on any arbitrariy selected day. That's not how big business operates.
One party signs a contract, it gets overnighted back to the other party, they hold it for two days and sign it, then accidentailly they send back the copy and not the original, and it arrives on a Thursday but doesn't get processed until the following Tuesday because the CEO is out of town or an attorney is in court. They catch that the wrong copy was returned and the process begins again.
Then, after everything, Party A realizes that an addendum to the contract was accidentally left out, or a statement from the bank was missing, so the entire process is started again - everything in business takes longer than you think.
If investors panic because they don't hear news by the 15th or by some other arbitrary day a few days after the 15th, all that really shows is that they don't understand business in America.
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Material events must be announced within a 15 day period after event.....8K required.....if my memory serves me.....
8-K
This is a report of unscheduled material events or corporate changes deemed of importance to the shareholders or to the SEC. Items 1-3 and 8 must be reported in an 8-K within 15 days of the event. Items 4 and 6 must be filed within 5 business days after the event, and Item 5 is optional, meaning there is no mandatory time for filing.
Item 1 - Changes in Control of Registrant
Item 2 - Acquisition or Disposition of Assets
Item 3 - Bankruptcy or Receivership
Item 4 - Changes in Registrant's Certifying Accountant
Item 5 - Other Materially Important Events
Item 6 - Resignation of Registrant's Directors
Item 7 - Financial Statements and/or Exhibits
Item 8 - Change in Fiscal Year
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