Patient Access Solutions Inc (PASO)

[TraderGreen]

Hahaha...See, I knew you'd go after that angle and that's specifically why I quoted that second section. Let me repeat:

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.

The material event is that there is a merger in the works! Obviously their buying signifies this as a positive event!

To answer your questions:

Is there a signed definitive agreement? No.
Do we know there will be? Nope, but buying indicates there's a high likelihood.
Do we know for how much? Don't need to at this point.
Do we know the terms? We will soon!

The "Material Event" is the pending merger! No public company discloses the terms of a "Pending" deal prior to its consummation. You might get generalities, but certainly not specifics.

Where they would run into a problem, with all their recent buy disclosures, is...

Let's say the deal was not consummated and before the public knew this they started selling their shares without disclosing it to the public...That's where your illegal activity, you are stretching so hard to prove, would come into play.

But, you already know this, so it's really all a moot point. Since work is slow however and I enjoy playing the game with you...I'll, once again, patiently await your response:)

TG