I call whomever I can when it regards my investments. I believe all traders should do so when you're trading smaller companies such as this one.
To the end that David is disclosing more than he should, yes. That's quite possible. The legality on our end comes into effect when someone decides to trade advantageously with said news. I've publicly stated that I'll hold regardless of this company outcome. If I end up with a tax loss, then so be it.
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