JP..................
You stated:...
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Lets go back to the original topic- I said that MEO may be holding back to release the info at a time that it would have the most affect on the stock. This would be something to BENEFIT the shareholders by getting a better, more consistent market reaction.
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I don't believe they have that much choice, JP....Here's what I was looking for the other day with regards to "material change"...
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Section 67 of the BC Securities Act states where a material change occurs in the affairs of a reporting issuer, the reporting issuer shall as soon as practicable issue and file a press release.....yada, yada, yada.. and.... file the required report as soon as practicable, but in any event no later than 10 days after the date on which the change occurs.
(Note that the "10 day" reference is to "the required report" and not a Press Release...However, IMO, it would only be reasonable to expect that the Exchange would require that a Press Release be issued in conjunction with the "required report" being filed with the Exchange...)
(I would expect that the ASE would have quite similar requirements)...
And, from the TSE website:
A "material change" is a change in the business, operations, assets or ownership of the issuer that would reasonably be expected to have a significant effect on the market price or value of any of the securities of the reporting issuer.
And the beat goes on...
Regards....Ray |
