RE:RE:RE:NO NEWS GOOD NEWSThis is correct. There's nothing material to report if nothing material was begun.
There is a lot of leeway as to what is "material", and the regulators generally leave that up to the company to decide, aside from mergers or acquisitions and a few other must-reports.
As a for instance, several news releases were put out regarding the tunneling client over the course of a year. But when the project disappeared and both sides walked away (or whatever happened), no news release was put out. One had to read deep in one of the docs -- one of the MD&As, if I recall -- posted on Sedar to find out the project was no longer occuring. And it was discussed in subsequent video Q&As but no NR was ever put out despite it being NRd several times in the lead up.
StairwayTo wrote: Thank you.
I've been saying this for a while now.
They woudln't have to release that a potential client walked away for wathever reason, pricing, infrastructure etc.. They are quotes, cost estimates, modelling, testing etc..
The reason why poeple think or want to make other think that it would have to be released, is because the CEO released that there were potential for multi contracts.
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snizelthewizel1 wrote: No News is Bad News. He doesn't have to relese any thing if a contract is not signed. They aren't in any agrement so not signing a new contract does not need to be disclosed. He likely has no news because he has now new news, period. Bagholders are holding the bag like blind mice