Bodach Member Profile Bodach
§ §Thursday, March 14, 2013 1:58:16 AM Re: None
§Post # of 50528 Feb 5th = Day 1 of PR Feb 6 = day 2 Feb 7 = day 3 Feb 8 = day 4 Feb 9 = day 5 Feb 10 = day 6 Feb 11 = day 7 Feb 12 = day 8 Feb 13 = day 9 Feb 14 = day 10 Feb 15 = day 11 Feb 16 = day 12 Feb 17 = day 13 Feb 18 = day 14 Feb 19 = day 15 Feb 20 = day 16 Feb 21 = day 17 Feb 22 = day 18 Feb 23 = day 19 Feb 24 = day 20 Feb 25 = day 21 Feb 26 = day 22 Feb 27 = day 23 Feb 28 = day 24 March 1st = day 25 March 2 = day 26 March 3 = day 27 March 4 = day 28 March 5 = day 29 March 6 = day 30 **** Last date to be denied, remember no denial means its approved to go the next phase *** per SEC, BMSN has 4 bus. days to file an 8K for a material event March 7 = day 2 to file 8k and update shareholders March 8 = day 3 to file 8k and update shareholders March 9 = NON-business day March 10 = NON-business day March 11 = day 4 and final day to file 8k and update shareholders.***Can come after close(4pm)
I don't believe they were rejected. That would most definitely be a material event.
However, I'm not sure passive acceptance constitutes one. Most companies put it right out there, but it seems our CEO operates off the beaten path a bit.
If it is put on hold, I would consider that a material event as well.
The only valid conclusion, to me, is that they were accepted, passively, and do not consider the event material via the rule and regulations of the SEC. They, perhaps, want to couple the news with something else.