Pedevco Corp. (PED)

[plaintif2000]

Its an injunction not to do what they should not be doing
anyway

here is a link to the rule:

http://www.law.uc.edu/CCL/34ActRls/rule10b5-1.html


Preliminary Note to Rule 10b5-1: This provision defines when a purchase or sale constitutes trading "on the basis of" material nonpublic information in insider trading cases brought under Section 10(b) of the Act and Rule 10b-5 thereunder. The law of insider trading is otherwise defined by judicial opinions construing Rule 10b-5, and Rule 10b5-1 does not modify the scope of insider trading law in any other respect.


the link goes onto say that if your broker dealer has been
given a buy/sell plan there is no problem so there is some
flexibility in the rule

p2k