Quiet Period
in response to
by
posted on
Oct 31, 2015 11:00PM
Combining Classic Mineral Exploration with State of the Art Technology
From my experience, the only two main reasons to initiate a quiet period as required by the SEC are for a change of ownership (merger, buyout) of a company and quarterly reports provided to the SEC. An agreement with an entity to fund drilling, I don't think would qualify. But if you look at our timeline of reports. Our 3rd quarter quarter just ended today, 10/31. Last quarter ended 7/31 etc. Quiet period starts then for 30 days or until results are posted (usually within 30 days). We filed a 15 day extension last quarter, hence results were posted on 9/14. So unless we file another extension our quiet period either starts today/tomorrow, or 15 days from now with another extension. JB mentioned it in the interview, but Tracy yesterday said it hadn't started yet, so I'm not sure if we're filing an extension or not. But by SEC rules, no major news event (our funding) can be posted by the company to influence trading until those quarterly numbers are in the hand of the common shareholder. So I wouldn't expect to hear anything of substance until the beginning to mid-December. And I don't expect to see trading between .0011-.0014 ever again. Go team.