“Disclosure Games®” is a term we use to highlight those public companies engaging in disclosure practices that in our opinion may be misleading, confusing, evasive, or otherwise lacking the transparency needed for investors to make well-informed investment decisions regarding a potentially material exposure. For reasons outlined in this report, we have identified MiMedx Group as a company playing Disclosure Games.
Summary and Opinion: Yesterday MiMedx put out a press release with the headline, “MiMedx provides Information on Its Interaction With The SEC.” There’s a lot of Disclosure Games going on in this press release and I decided to break it down for you.
Below you will find a tweet thread originally written for posting under the @JohnPGavin twitter handle, to then be re-tweeted by @ProbesReporter.
There’s a lot to pick apart here, which made the tweet thread more detailed than expected. So, I decided to release it – in the original format written as a Twitter tweet thread – to our client subscribers first. Social media followers are nice, but you pay the bills.
Below you’ll see each entry in the original thread, each entry in the 140-character format you’d expect in a tweet. We may, or may not, publish it to Twitter later.
To access the full report, click on the PDF (only visible to subscibers who are logged-in).
To learn more on our process and what our findings mean, click here.
Notes: The SEC did not disclose the details on investigations referenced above. The SEC reminds us that its assertion of the law enforcement exemption should not be construed as an indication by the Commission or its staff that any violations of law have occurred with respect to any person, entity, or security. New SEC investigative activity could theoretically begin or end after the date covered by this latest information which would not be reflected here.
Better Disclosure for Better Decisions.®
Our Disclosure Insight® reports provide commentary and analysis on public company interactions with investors and with the SEC. They are heavily reliant on our expertise with using the Freedom of Information Act. “Disclosure Games®” is a term we use to highlight those public companies engaging in disclosure practices that in our opinion may be misleading, confusing, evasive, or otherwise lacking the transparency needed for investors to make well-informed investment decisions regarding a potentially material exposure. For reasons outlined in this report, we have identified Tyson Foods as a company playing Disclosure Games.
