RE:RE:Return of the Meme KingsHere are some quick comments on previous post.
A blackout period is where insiders are required, by the company they work for, not to trade the stock. A blackout period is also known as a quiet period because companies will often decide not to take calls or have discussions for fear that the current quarter that is being worked on might leak out accidentally.
A blackout period does not preclude the immediate disclosure of a "material change" (generally understood as change to the business, operations or capital). Indeed the Ontario Securities Act requires immediate disclosure of a material change.
It is a question of fact whether something is a material change, as compared with a just a change in revenues, expenses, profits etc.
A large enough legal settlement or asset sale might be considered a material change, and would require mmediate announcement.