Patient Access Solutions Inc (PASO)

[TraderGreen]

You'll have to explain this:

If it happens and the stock goes through the roof they would be nailed to the wall for insider trading...without a doubt.

What are you talking about???

EVERYONE knows there is a deal in the works and EVERYONE knows they have done nothing but disclose their open market purchases of PASO shares.

What is Insider Trading?

Insider trading is the buying or selling of a publicly traded company's stock by someone who has non-public, material information about that stock. Insider trading can be illegal or legal depending on when the insider makes the trade. It is illegal when the material information is still non-public.

I know you're probably going to be quick to point out the "material information" section, so I'll throw this out there too:

Understanding Insider Trading

The U.S. Securities and Exchange Commission (SEC) defines illegal insider trading as the "buying or selling a security, in breach of a fiduciary duty or other relationship of trust and confidence, on the basis of material, nonpublic information about the security."

Material information is any information that could substantially impact an investor's decision to buy or sell the security. Non-public information is information that is not legally available to the public.

The question of legality stems from the SEC's attempt to maintain a fair marketplace. An individual who has access to insider information would have an unfair edge over other investors, who do not have the same access, and could potentially make larger, 'unfair' profits than their fellow investors.

Illegal insider trading includes tipping others when you have any sort of nonpublic information. Legal insider trading happens when directors of the company purchase or sell shares, but they disclose their transactions legally.

Investopedia - Insider Trading

I'll patiently await your response...

TG