Posted On: 08/27/2015 2:31:27 PM
Post# of 96892
Something caught my eye the other day, and I was wondering if anyone had any thoughts on it.
Sometime this week someone posted about the SHM and quoted one of the board members saying something like "I won't say if I am buying, but I will tell you I am not selling." This seems to hint that "big things are coming".
My thought though is that this is more than just a hint that big things are coming. Because they are on the board, they are all privy to information that your average SH, nor the general public would be aware of. It seems like one of the fundamental reasons SEC laws exist is to prevent board members from taking advantage of shareholders by buying and selling stock before news is published. Could the board member not just be hinting at news, but stating implcitly that they legally cannot be buying/selling stock because there is some big movement in the stock price expected? Any securities attorneys on the board?
Sometime this week someone posted about the SHM and quoted one of the board members saying something like "I won't say if I am buying, but I will tell you I am not selling." This seems to hint that "big things are coming".
My thought though is that this is more than just a hint that big things are coming. Because they are on the board, they are all privy to information that your average SH, nor the general public would be aware of. It seems like one of the fundamental reasons SEC laws exist is to prevent board members from taking advantage of shareholders by buying and selling stock before news is published. Could the board member not just be hinting at news, but stating implcitly that they legally cannot be buying/selling stock because there is some big movement in the stock price expected? Any securities attorneys on the board?
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