Mo, allow me to call my key witness, Mr. 10b5-1 Pl
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Posted On: 11/16/2018 12:40:01 AM
Mo, allow me to call my key witness, Mr. 10b5-1 Plan. According to the definition,
https://www.investopedia.com/terms/r/rule-10b5-1.asp
As you can see, Rule 10b5-1 is for insiders of IPIX. I think you'll agree that the MFO is NOT an insider (they are investors like we are). My question is, if the lock-up agreement is written for the MFO, why is the 10b5-1 Plan included as a condition? It would make a lot more sense if the lock-up agreement is written for the insiders of IPIX.
I'm not trying to waste your time by nitpicking. My original question was simple but still unanswered. Which word/phrase in the agreement is equivalent to shorting and why not just use the word shorting like in the Aspire agreement? You bolded some words and I appreciate your time, but I'm not sure which word/phrase is your answer. If the agreement is for IPIX, it makes more sense (to me) because you don't expect insiders to short their own company, therefore the word shorting isn't necessary.
I believe I've debated this topic with you in a respectful manner. I don't expect to change your mind. I just want to present my arguments so others can decide for themselves.
Quote:
Rule 10b5-1 is established by the Securities Exchange Commission (SEC) to allow insiders of publicly traded corporations to set up a trading plan for selling stocks they own.
https://www.investopedia.com/terms/r/rule-10b5-1.asp
As you can see, Rule 10b5-1 is for insiders of IPIX. I think you'll agree that the MFO is NOT an insider (they are investors like we are). My question is, if the lock-up agreement is written for the MFO, why is the 10b5-1 Plan included as a condition? It would make a lot more sense if the lock-up agreement is written for the insiders of IPIX.
I'm not trying to waste your time by nitpicking. My original question was simple but still unanswered. Which word/phrase in the agreement is equivalent to shorting and why not just use the word shorting like in the Aspire agreement? You bolded some words and I appreciate your time, but I'm not sure which word/phrase is your answer. If the agreement is for IPIX, it makes more sense (to me) because you don't expect insiders to short their own company, therefore the word shorting isn't necessary.
I believe I've debated this topic with you in a respectful manner. I don't expect to change your mind. I just want to present my arguments so others can decide for themselves.
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