RE:RE:RE:Company announcements..As per Nasdaq regulations release....( https://listingcenter.nasdaq.com/assets/continuedguide.pdf)
Disclosure of Material News Companies listed on The Nasdaq Stock Market are subject to regulations regarding the disclosure of material news. “Material news” is information that would reasonably be expected to affect the value of a company’s securities or influence investors’ decisions. Nasdaq-listed companies are generally required to: • Disclose material news promptly to the public through any Regulation FD-compliant method or combination of methods, including: – Broadly disseminated press release – Furnishing to or filing a Form 8-K or Form 6-K with the SEC (may also include Forms 10-Q and 10-K) – Conference calls* – Press conferences* – Webcasts* – Company web sites (For more information, please see “SEC Guidance on the Use of Company Web Sites – August 2008” – Social media channels (For more information, please see “SEC Says Social Media OK for Company Announcements if Investors Are Alerted”). * As long as the public is provided adequate notice (generally by press release) and granted access. • Provide Nasdaq MarketWatch at least ten minutes prior notice of certain material news events when the public release of the information is made between 7:00 a.m. to 8:00 p.m. ET. If the public release of the material information is made outside of 7:00 a.m. to 8:00 p.m. ET, notify MarketWatch prior to 6:50 a.m. ET. Notification must be made via the Electronic Disclosure Submission System. My guess is this means if a good lawyer could argue that you did not disclose it promtply, then you are likely in violation of the regulations.
Imagine if you sold a multi-million dollar position the day before a MAJOR POSITIVE News Release, and then found out that the company had held off on sharing that New Release.
Imagine also that you had bought into a company with a million(or any amount) of dollars, and the company then released news that crushed the share price, and they had delayed sharing that news for a week?
Always remember, WE OWN THE COMPANY, and WE ARE ENTITLED TO INFORMATION.
Cheers!
Oilminerdeluxe wrote: Not sure, but I think there is a loophole or two that makes it possible to hold back on material news for a little bit longer than just a few days. If not, I am sure someone will correct me :-)
Here's to hoping for good stuff to come real soon.