There doesn't always have to be a nefarious reason. Sometimes hiding things is actually GOOD although obviously not always as I'm sure binder will be more than willing to point out...
DEFINITION of 'Confidential Treatment Order - CTO'
An order that provides confidential treatment for certain documents and information, that a company would otherwise have to file. A confidential treatment order (CTO) is issued by the Securities and Exchange Commission (SEC) and may only be in effect for a certain period of time, rather than indefinitely. INVESTOPEDIA EXPLAINS 'Confidential Treatment Order - CTO'
Companies would typically seek a CTO in order to keep information that would otherwise put it at a disadvantage, a secret. For example, a company may apply for such an order to keep information regarding a pricing arrangement made with a partner, secret, since competitors finding out this information may go after the partner with a more competitive pric
Laker 5- Wouldn't buy the shares based upon a( possible maybe)piece of news that( may exist) to turn things around. Sounds to me like a long reach into hope. I'm holding but not looking for a hail mary here.