InvestorsHub Logo
icon url

clawmann

01/31/06 11:29 AM

#54914 RE: BREACHER #54909

BREACHER (BTW, I hope you're not one),

I found this little blurb from SAIC regarding their IPO and the quiet period. I don't see why NEOM could not put something similar on their web-site:

"Since SAIC has decided to pursue an IPO, the company is in what is called a "quiet period," which means that there are legal restrictions imposed on the communications the company can make both internally and externally. The quiet period is divided into three phases, including the period prior to filing a registration statement for the IPO, the waiting period until the registration statement is declared effective by the U.S. Securities and Exchange Commission (SEC) and the post-effective period which extends until about one month after the completion of the IPO. During the quiet period, any discussion of the IPO and related matters is limited to information contained in documents that the company has filed with the SEC. The SEC also regulates the communications we make to our stockholders regarding the merger and the other proposals to be considered at our special meeting of stockholders."