NewStream Energy Technologies Group Inc (NSGP)

[JamesE_]

If a deal was just finalized and an insider took advantage of that concrete information before it went public, then that is illegal. However, if an insider bought stock in hopes that a deal would be finalized, then that is probably ok. If an insider bought shares based on a deal already alluded to in prior press releases or buried in SEC filings, that is probably ok. We assume all insider trading is illegal because that's the only kind we hear about.

BTW, the deal itself is not a secret, just the identity of the investor. Shareholders already voted for it...

8/26/16 SC-14A: "The affirmative vote of a majority of votes cast for this proposal is required to ensure that the company has adequate shares to facilitate a transaction with the current investor that will require 70% of the company shares. In exchange for this the investor has agreed, subject to successful due diligence, to acquire Black Dimaond Financial Groups existing investment, advance $6 million dollars to the company and commits to building commercial units through the company."