Replies to post #50375 on Niocorp Developments Ltd (NB)

[Landmark8211111]

It is SEC mandated for publicly trading Companies post all "Material News". and this is material news.


ACCOUNTING PROFESSION
Generally accepted accounting principles (GAAP) and specific rules of the accounting profession require that certain types of information be disclosed in a business's audited financial statements. As noted above, these rules and principles do not have the same force of law as SEC rules and regulations. Once adopted, however, they are widely accepted and followed by the accounting profession. Indeed, in some instances, disclosures required by the rules and regulations of the accounting profession may exceed those required by the SEC.

It is a generally accepted accounting principle that financial statements must disclose all significant information that would be of interest to a concerned investor, creditor, or buyer. Among the types of information that must be disclosed are financial records, accounting policies employed, litigation in progress, lease information, and details of pension plan funding. Generally, full disclosure is required when alternative accounting policies are available, as with inventory valuation, depreciation, and long-term contract accounting. In addition, accounting practices applicable to a particular industry and other unusual applications of accounting principles are usually disclosed.

Certified financial statements contain a statement of opinion from an auditor, in which the auditor states that it is his or her opinion that the financial statements were prepared in accordance with GAAP and that no material information was left undisclosed. If the auditor has any doubts, then a qualified or adverse opinion statement is written.

https://www.inc.com/encyclopedia/sec-disclosure-laws-and-regulations.html

[Boilermaker1]

Well then gee
Follow your instincts: DON't TYPE! Spare us your "insight," I thought the PR was interesting and informative and probably required by regulations. You seem to imply "red for the day" means the PR should not have been issued. I suspect there are companies that issue, or not issue, a PR based on what the stock price does or they think it will do. That ain't Niocorp. If they belive the news is material, they issue a PR: good//bad/or indifferent.

People should entertain the possibility that Mark (who is the biggest stock holder) really does not care what the stock does today, tomorrow, or next week. He has a long term plan to get this financed, and built and returning dividends. And that will get the stock to where we all know it should be.