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XenaLives

10/31/16 10:31 AM

#79253 RE: drv17 #79252

I don't believe they can state that they are in a quiet period as that would also be a tip-off.

Another good read on the quiet period concept:


Why do quiet periods exist?

The purpose of a quiet period is for a public company to avoid making any comments about information that could cause investors to change their position on the company’s stock.

IPO quiet periods were created by the SEC to prohibit analysts who are lead and co-lead underwriters from issuing positive research reports that might influence security prices during the first few weeks of a new IPO. In addition, quiet periods exist to protect companies from inadvertently violating Regulation Fair Disclosure (Reg FD) during the sensitive time in which they are aware of their quarterly financial results (or any material, non-public information), but have not yet publicly communicated this information.



http://westwickepartners.com/2014/06/commonly-asked-questions-about-quiet-periods/