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Umibe5690

01/22/21 9:59 AM

#349336 RE: Dan88 #349330

Dan:

I believe you mis-apprehend the issue in this threaded discussion. Let me make it simple:

1. Material negative events must be disclosed within a reasonable time frame. The issue is whether the particular described occurrence is subject to the SEC 4 business day window in terms of disclosure. If so, when does the clock start.

2. Notwithstanding item 1 hereinabove, which I think irrelevant for my own evaluative purposes, it is my opinion that investors are unwise to conclude that company silence, at this stage, connotes either trial success or failure. Absence of company disclosure at this stage is neutral and there are other and more telling indicia pointing to trial success.

Like you, I believe that the trial will turn out to be successful. For me it is not really a question of whether the trial will be successful but rather to what extent.

Peace my friend, we are on the same team.
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sentiment_stocks

01/23/21 9:44 AM

#349471 RE: Dan88 #349330

Dan88, Umibe was merely giving hypotheticals to frame how the 4 day rule might be applied in the event of a trial failure, to illustrate how that same 4 day rule could extend out to months without having revealed top lineand the company would still NOT be in violation of anything.

For me, the entire 4 day rule conversation means nothing but management’s way of indicating that everything is A-okay, or they’d have published something stating otherwise. Now had things not been A-okay, would they have actually stated otherwise, or for that matter, been under an obligation to do so? No. But the fact that they are telegraphing that they would have done so (followed some inapplicable 4 day rule), had that been case, IMO, is meant to assuage our doubts and calm the waters while we wait.