RE:RE:RE:RE:Been following this for awhile.club, I am not supporting how they withheld the info, but what if they actually received their HC license the day before reporting. Maybe they were waiting until the very last possible opportunity before having to report the material event.
Let's look at the reverse scenario. If they reported early that licensing was delayed, the stock would plummet, then later report they have licensing, could there have been a lawsuit perhaps on stock price manipulation?
Just trying to be objective here, maybe I'm wrong with my thinking.
clubhouse19 wrote: As per disclosure rules,
They cannot postpone or withold any information that is deemed a material event.
The non compliance with quality or the recent late disclosure of lack in drying facilities are material events.