Thanks BL! I just briefly glanced over it, but you're right.. it isn't an IPO.. so I'm still confused. Plus this is a 'new rule effective in Jan 2009'. That article that you posted is from July 2005.
I do like the very last line though! LOL.. I need to read it more carefully a little later, but I still question this.. Oh well, I guess I get to question it for 30 days, and THEN we will FINALLY be on our way! Cripes what a long dry spell with no news!!
cooling-off period The required waiting period between the time a firm files a registration statement for a new security issue with the SEC and the time the securities actually can be issued. The cooling-off period is usually 20 days, although the SEC may alter it for individual issues. Also called twenty-day period, waiting period. See also effective date.
The period after a company's prospectus has been filed with the SEC and before the IPO, during which the company's relations with investors are greatly restricted. Usually lasts 20 days. also called cooling-off period. This content can be found on the following page:
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