as far as the pp goes im assuming its a quiet peiod so that the pp holders have the same trading opportunitys as the common shareholders if a press release was issued (JMHO)
but in the same sense most of them are allowed to short the stock and we're not
either way imo its just another dumb sec rule, i also read that dpdw can break the silence but only with drco written consent
in the scheme of things and for whatever the true reason may be its almost over
my theory is that they do it so the pp holders can short the stock without interference-lol but what do i know!
it's not bad for the company imo, it's frowned upon by the SEC because it unfairly advantages some shareholders over others if the float is not yet reflecting the increase from the PIPE and yet promotion is occurring. jmho.
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