I had the same thought so if there is no PR prior to opening nobody should panic as it may come later in the day to very late in the day. In the end, expect very good news heading our way. What's one more day?
Anybody expecting this PR to get any of the institutional tobacco stock investors to dabble their toes in XXII?
That's why I don't think it is an SEC or "legal" issue.It is probably more of a "company/partner/agreement" security issue. Which is perfectly understandable. Nothing wrong with erring on the side of caution.
Actually you are right...there is a tie-in with pricing (the impact I do not recall) of Sabby warrants as of close of quarter (vs. the next quarter)...which would be close of trading on Monday...
I don't know if that is guiding the release of information before the close on Monday. If it is relevant, we could very well see news "after" the close Monday.
Regardless of all this speculation on why they did or did not put out a press release or file an 8k will all be moot by mid-night tomorrow night...as represented by the Board at ASM (per attendees).
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