Replies to post #85397 on SFLMaven Corporation (SFLM)

[just Scottie]

I agree with that assessment

[HD2001]

how long is the quiet period and would it start from the announcement of CEO change.

[Hi_Lo]

Funny thing about your the post that I'm responding to, I thought you said a quiet period was "imaginary" and "BS when deals like this happen?"

My thinking is in this realm:
Quiet Period
Guidelines
During a Quiet Period, a publicly listed company cannot make any announcements about anything that could cause a normal investor to change their position on the company's stock. Normally, that means the company does not discuss any of the following:

New deals or wins signed in that current quarter. Announcements about previously sold implementations going live are allowed but must be explicitly described as such.
Management changes
Progress against company goals
Major product or service announcements
Major partnership announcements

[Hi_Lo]

Longest quiet period of ever

Re-read the post I'm responding to, since it's stated that the timelines concerning the SFLM's sale agreement are estimates. It's also stated that there are no timelines for the release of any news.

What I do find annoying is these OTC CEO's rarely exceed expectations when it comes to estimated timelines. The PR stated they will have divested of the previous SFLM by months end but does not highlite an actual timeline for news regarding anything. The anticipation is palpable LOL.

The press release and the most recent quarterly report specifically states that the sale agreement and divestiture from SFLMaven of Florida are both "EXPECTED" dates. It doesn't say "no later than" the dates mentioned. Lawyers are very specific when it comes to language used in contracts.

The deal might have simply taken longer than expected.

Funny that a quiet period is directly stated for SFLM (but now it's said that it's taking too long):

My thinking is in this realm:
Quiet Period
Guidelines
During a Quiet Period, a publicly listed company cannot make any announcements about anything that could cause a normal investor to change their position on the company's stock. Normally, that means the company does not discuss any of the following:

New deals or wins signed in that current quarter. Announcements about previously sold implementations going live are allowed but must be explicitly described as such.
Management changes
Progress against company goals
Major product or service announcements
Major partnership announcements

Plus we don't know when Chad MacKay, SFLM's new CEO, according to the press release, all of Chad MacKays online contact information, Microcap Daily and most importantly, the transfer agent (which only the CEO can legally register his name), filed the paperwork which starts the quiet period. A quiet period that lasts as long as OTC Markets and/or the SEC reviews and approves Chad Kay's filings concerning the lithium deal and SFLM's partnership with DeepPower and the University of Oklahoma.