International Precious Metals (IPMCF) Message Board

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Gold/Mining/Energy : International Precious Metals (IPMCF)

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To: DCBEN who wrote (20729)	9/12/1997 3:50:00 PM
From: Furry Otter	of 35569

Is it enough to reveal all material development quarterly in the schedule 10-q? NO. The company must report as soon as practicable all material, negative information of which it is or should be aware, and the company will be held liable to all persons who buy stock at higher prices before the bad news gets out, and who suffer financial losses as a result (when the stock tanks as the news gets out). Re: reporting, the company must report the news publicly, in the way of a PR or other manner reasonably accessible to investors, and if it is so bad that it results in a material change in the company's financial position, the company must file a Form 8-K explaining the event and the financial impact on the company. No need to report good news right away, though, because the law does not work in the inverse; i.e. withholding good news does not injure shareholders in a manner recognized by law (not referring to insider trading, that is a different issue). Questions? Otter

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