Sirona Biochem Corp V.SBM

Upfront Fee Material Information?

[sakinny3]

If the up front fee is a significant number then surely that is material information that should be required to be announced?

[jimmyhorizon]

  Good question. Can anyone answer it?

[biorun]

Sec disclosure requirements people. it will show up at some point 

[jimmyhorizon]

  And here is the question again. Is the receipt of a significant upfront payment subject to disclosure? what does some point mean? Does anyone know?

[biorun]

yes, many of us know the "at some point" because we use google and look at the quarterly dates required for disclosure and then work from there.

[jimmyhorizon]

thanks bio for getting back to me. i wasn't asking about whether a significant upront payment (let's take the 5-20 million from prc partners) would be disclosed in the quarterly numbers, but whether the RECEIPT of such a payment would be a disclosable event. " 2. Disclosures of Material Nonpublic Information The final regulation, like the proposal, applies to disclosures of

[biorun]

yes, they are required to report all money coming into the coffers as you indicate, but abbvie also has to report a 10k in august where they "may" also be required to disclose certain details. we will see what that brings.  if that does surface and it is in fact more than lcfsa insists, then expect an immediate revaluation within the hour. right now we are trading with near

[jimmyhorizon]

  thank you.  To be clear. If they had received, let's say, 10m upfront in their account last week, then they would only have to disclose this in the next quarterly figures? is that correct?

[biorun]

yes, at a minimum for Canada as I understand. if there are future milestone payments, those may not as they are forward looking and conditional. at year end, most of details may also have to be tabled as we saw was forced out with R&F disclosure. it all comes out in the end. look at the details of the wanbang sglt2- that would be the style of eventual reporting that we should certainly expect

[forhandlaren]

Interesting remark about the upcoming Abbvie 10K report. Any chance you know the date?

[PutinKhuylo1]

It'll be a 10-Q and should come quickly after earnings release, which is assumed July 28-August 1.

[lscfa]

Market thinks it's not much better than R+F deal......   Manufacturing and Supply Agreement with Rodan & Fields, LLC (“R&F”)   On September 13, 2019, the Company entered into a manufacturing and supply agreement, pursuant to which the Company shall manufacture, test, label, package, store and supply R&F a minimum of 10 kilograms per year of skin lightening