The Incoming “Partner” TheoryWhile it is a compelling theory, it has imho one major flaw. The assumption that DD / the BOD is facilitating this endeavor by “managing” the news flow better be wrong as it would breach every “timely disclosure” rule under the sun. I simply do not believe that DD / the BOD would risk breaching one of the key SEC rules.
Yes, there is some wiggling room as it’s largely up to the company to determine what developments are “material”. A multitude of small contracts may not require a NR but any major contract would constitute a material change and thus require disclosure under SEC rules.
Bottom line for me: Those expecting some sort of partnership / ownership announcement followed by a major contract announcement within short order are simply wrong.