If Ferguson thinks that just because ELGL is a non SEC filer it precludes this company from being forthright with public disclosure he has another thing coming. No financials for over a year now and false public statements are red flags and the SEC will be over this like white on rice.
If I were head of this company I would do as the company is currently doing,....keep most things secret until I was ready to run it.
Are you suggesting that whoever's in charge here plans to "run" the stock? That would be considered securities manipulation. "Keeping things secret" is frowned upon as well. The regulators like transparency.
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