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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: geep who wrote (14779)9/23/1999 2:32:00 PM
From: John Curtis  Read Replies (1) of 27311
 
Geep: Per SEC commentary, there's no such thing as an "insider quiet period" per se.. And this also applies to such commentary as you may see on other equity threads wherein folks may make statements about a stock in a fallow period because employees/insiders are now in a "quiet period", etc., etc..

From the SEC's point of view there's no legal requirement, although companies themselves may opt to enforce a rule along these lines just to minimize the potential of SEC oversight come the time when a material event transpires. Why? Well, because according to an employee at the SEC, what the SEC DOES do is set their computers to "snuffling out" any/all transactions that may have occurred via insiders once a company announces a material event. I think they may even look for any "suspicious" trading activity in general. The purpose is obvious.

So to my way of thinking the further out an insider does their "thang", the less they need concern themselves about the SEC(or inspired shareholder legal representation for that matter, heh) tapping them on the 'ol shoulder all while say....."Excuse me....but can we TALK??" ;-)

Bottom line? 30 days seems like a safe period of time, as there's nothing that says you cannot buy when you know your plant's gonna be ready in 40 days or so(you just better not be buying because you know such as EPS have already signed on the dotted line). But ultimately, it's anyone's guess as to what describes a "safe" period of time....

John~
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