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Sheepdog

05/03/16 1:13 PM

#47265 RE: surfkast #47264

"material event" definition for an 8K:

News or details that may reasonably be expected to affect a company’s stock price and thus decisions that investors make about buying or selling the company’s stock. Material events may be the addition or loss of a large customer, falling or rising sales, a merger agreement, financial results above or below expectations, or a change in the company’s dividend policy. Material events must be disclosed to the public and to the Securities and Exchange Commission in an 8-K.

They had already stated several times they were "negotiating" to sell pancakes in a can. It is not a material event to keep saying the same thing. Just PR crap.

I would assume that the intent to not file a 10K, and the reasons for that, might be a material event. The SEC even has a special form to do that called an NT-10K