Did none of the ZEN experts see my message? Please allow me to repost it.
Message 30152327
"My prayers have been answered. A regulatory expert is among us.
There is nothing to clarify, the NR should not have been released at all.
Which regulatory guideline was not obeyed? A clear answer would be best. Maybe packfan can help you with that, if you struggle with the question."
I can't believe that Thiesst, packfan, and helo missed this message, but perhaps it is the case. After all, all those "scientists" with degrees and stuff, missed the need for acid on caustic bake.
Packfan, you properly described the situation in an earlier post, and then you went completely off the rails. Something you accuse others of, so let's see if you own up to this faux pas.
You're absolutely correct to declare that there is a continuum of regulatory follow-up on public disclosure in press releases. But you incorrectly assign the level of intervention in this instance.
Had there been a requirement to RETRACT public disclosure, that would have appeared in the subject line of the press release. Do you see it there? No.
Moving down the continuum, there are those press releases requiring clarification with respect to specific acts, regulations, rules or guidelines, along with a re-expression of what was said, and what should have been said instead. Do you see that either? No.
NI 43-101 did not contemplate the requirement to disclose material information of this kind. The material information was not retracted, it was clarified. Carry on.
Lar |
