Assume the SEC approved the registration statement for a new securities issue this morning. Which one of the following statements must be true about this issue?

a. The red herrings can finally be distributed as their distribution was waiting on SEC approval

b. The waiting period started when the approval was received this morning

c. The SEC believes the issue will be profitable investment for all purchases made at the offer price

d. The issuer is following all the require rules and regulations in regard to this issue

e, The final prospectuses have all been delivered or the SEC would not have approved the issue