Saturday, March 23, 2019 4:40:28 PM
I’m familiar with the practice of insiders buying shares of their own companies. Perhaps you should do some additional research around SEC prohibitions on executives in possession of material nonpublic information conducting trading activity on their own behalf. Or research standard corporate governance practices whereby executives typically comply with rules or agreements set by their board of directors, which are typically more stringent than SEC regulations but may not be public.
Do you think that NP is allowed to buy or sell while negotiating potential licensing deals, partnerships, or sales? What about material manufacturing contracts? How long do you think that management has been holding any type of discussions that could be considered potentially material and are definitely not public?
You’ve suggested that you’re a lawyer. I’m guessing public securities isn’t your specialty.
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