InvestorsHub Logo
Followers 29
Posts 118
Boards Moderated 0
Alias Born 07/29/2019

Re: zugisland post# 20154

Sunday, 11/24/2019 10:12:55 PM

Sunday, November 24, 2019 10:12:55 PM

Post# of 54907
If PRED's Board members or management has knowledge of Material Nonpublic Information that would have a significant change of the assets and or revenue of the company, information that would substantially impact the value of the stock, they can not acquire shares based on that Material Nonpublic Information. If they acquired shares and the value significantly increased by their just having Material Nonpublic Information, they would be in trouble with the SEC and would have violated their individual fiduciary duty to PRED and its shareholders.

Thus the information which the Board and management possess, if disclosed would very likely influence a reasonable investor’s decision to purchase or sell an issuer’s securities.

I was with the Board in New York and I know many would buy if the could.

Insider Trading and Securities Fraud Enforcement Act of 1988

The GE example you provided is not relative to PRED.

Besides, PRED's management and the Board have all signed lock-up agreements that specifically prevent them from selling PRED shares, e.g., they can sell up to 1% of their holdings per month.

FYI, I nor we have not sold any PRED shares.