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tickerpicker

01/16/18 10:23 AM

#30143 RE: dj1216 #30137

I think they are still legally bound to be silent under the S1 filing still outstanding and not yet effective. When in this "Quiet Period" they can only update shareholders on material facts and other approved limited communications, as well as through any amendments to the S1.

"A quiet period extends from the time a company files a registration statement with the SEC until SEC staff declare the registration statement "effective." During that period, the federal securities laws limit what information a company and related parties can release to the public."