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exwannabe

10/16/17 10:58 AM

#139036 RE: pgsd #139033

where they state in 8k's that they know no reason why investors should not invest


I am not aware of any such statement. Any clues?

The closest I know of is a PR (not an SEC submission) which asserts their beliefs in "it's the shorts". They are free to believe whatever they want to.
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AVII77

10/16/17 11:00 AM

#139037 RE: pgsd #139033

So, you think the company has the obligation to report all material information?

Sorry. That is not correct. (if it were, what is the purpose of RegFD?)

The company does have the obligation to not make what they DO report misleading.

Companies have all sorts of material information they do not disclose.
Form 8k is used to report very specific material events that the SEC has decided they can not keep internal (things like entering into a new agreement, departure of an officer, etc. - futility recs are not among the items required to be disclosed. )

Similarly, what is the purpose of 10b5-1 trading plans?
Since insiders are virtually always in possession of undisclosed material information, the plans protect them from insider trading charges.