Joe, Thanks for that extensive research. Much appreciated. IMO more things happening than we can see on the Cams. We should eventually hear about what we've already seen and much more.
Great DD, JoeSmith. I've re-examined the SEC guidance and articles; that said, I wholeheartedly agree with your conclusion - let there be silence. Better for DDI to be on the safe side.
The SEC really needs to tighten up and define these periods better, imo.
“The federal securities laws do not define the term "quiet period," which is also referred to as the "waiting period." However, historically, a quiet period extended from the time a company files a registration statement with the SEC until SEC staff declared the registration statement "effective." During that period, the federal securities laws limited what information a company and related parties can release to the public.” http://www.sec.gov/answers/quiet.htm
JOE: Thanks for some great research. I think the origin of this is when much more pumping used to take place. Lawyers when involved always advise the CEO not to speak. CYA. But, this does not help transparency and if good news cannot be released guess who this helps. Shorts have used this on IPO's especially when officers have sold shares and have a lock up period. They know shares will be sold after the 'lockup' so they can rumor about dilution.