CP, you said:
..." I agree with DD that for a listed company that would be an infringement on SEC regulation related to selective disclosure."
Then we are in agreement. And that selective disclosure to MD1225 in December 2014 is what I was reacting to, as did Dew and BCS Paladin also. I did not have the benefit of that telephone call in December 2014 that md relates he had the benefit of. Did you? Were you on that conference call with Md1225 and some person or folks at PPHM that md identifies as "they"? Did you hear what md1225 asserts "they" told him? As far as some of us are concerned, that was selective disclosure of non-public information that the recipient of the disclosure could have reacted to or traded upon.
"What is Regulation FD?
Regulation FD (for “Fair Disclosure”), promulgated by the SEC under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), prohibits companies from selectively disclosing material nonpublic information to analysts, institutional investors, and others without concurrently making widespread public disclosure. The rule reflects the view that all investors should have equal access to a company’s material disclosures at the same time. Since its enactment in 2000, Regulation FD has fundamentally reshaped the ways in which public companies conduct their conference calls, group investor meetings, and so-called “one-on-one” meetings with analysts and investors."
www.mofo.com/files/Uploads/Images/FAQs-Regulation-FD.pdf
www.sec.gov/fast-answersCache
From subsequent posts, it may now be apparent there may be two reasons why CK is no longer head of IR at PPHM or was asked to leave[to put it gently or charitably]
In my own mind I cannot believe that call ever took place in December 2014[no one at PPHM could be that stupid or ignorant], but md1225 has in the meantime insisted it did.
We will see what happens, if anything.