From my post earlier today, "BTW, the company is strangely quite. This could suggest they have to be, because they are nearing an important announcement."

There's an adage in this business that suggests, "No news is bad news". It explains why when the market is looking for news, silence tends to see a company's share price drop.

In this case, the more I think about it, I can't help but believe that what I quoted above is what's happening here. SEC regulations require a "quite period" of a company that is about to share news that can impact the share price when the news is released, lest anything they mention could in any way be construed to be a benefit to some few shareholders and not the whole lot of them. A company can't even say they are preparing a summary of what happend at a presentaion, IF THERE IS GOOD NEWS IN IT.

Otherwises, I don't understand why at this point there has not been a generic release on the presentations in Manila. I.e., "we presented and had favorable responses, with discussions continuing by phone and video conference..."

Too quite, too quite.