What responsibility does management of a Grey stock have to its common stockholders in making announcements? As long as they clean up their accounting, what additional punishment can the SEC levy on a Grey stock engaged in Silence? It seems unclear.
Silence seems to be the optimal path for management to take. It keeps the speculation in play. After the fact was Berlin worth $5M, $20M, $27M? As time proceeds the Silence feeds more speculation be it New Bedford, or comatose Susanville. Why should management announce a CTTC figure of $2.5M? It would dispel a lot of speculation.