Which is why there has to be an 8-k filed tomorrow. The controlling shareholder cited news last Week concerning this ticker. Maybe I am wrong, but I do consider that material since it involves this Company. It is either a grey area or not....so who knows.
I probably wouldn't consider such if control was not held by Ybyra currently.
DELIBERATIONS: The President declared the Meeting installed and unanimously vote of those present, and without any restrictions, resolved:
1 It was discussed and unanimously approved by the members of the board of directors to creation of a Joint Venture with PETROGOIÁS DISTRIBUIDORA DE PETROLEO LTDA, which will be created in the United States of America. The business will be developed with a focus on structuring financing for 45% of the Joint's operations Venture. Terms will be defined after a contract signing process definitive with the strategic premises. The operation will be structured and operated by recently acquired humbl Inc.
Like I said.....yeah...this shite' is crooked as hell.
I don't think that the concept of quiet period is clear at all, but I am pretty sure that the SEC has gone after companies for putting out press releases while "you are trying to get through processes with the SEC, FINRA, OTC Markets (thanks to the powers bestowed upon them by the SEC) or other backlogged regulatory bodies."
Sharp has highlighted companies that got in trouble pumping while getting through the process with the SEC. Sharp consulted Foote. So there is that.
And even if there was a quiet period, it would not prevent the disclosure of material information of they type you are describing at any time.
Agreed. That is why I stated:
We could, however see an 8k that gives us more clarification on the situation at hand.
I personally would choose an 8k over a PR for the above reason - providing material information to shareholders instead of having a handful of bashers claim it was pumping.