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Re: PennyWorld post# 10248

Monday, 08/31/2020 2:18:24 PM

Monday, August 31, 2020 2:18:24 PM

Post# of 36601
Are you guys stunned? Do you not understand how options work? Board members and the CEO were granted options allowing them to purchase shares at a latter date. Most of you are confused with the term 'public market buy' and as far as having skin in the game the executive team is in a blackout period now, they are forbidden to 'public market buy' as there is to much material news therefore it would be considered insider trading.
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, non-public information about the security." Insider trading is defined as a malpractice wherein trade of a company's securities is undertaken by people who by virtue of their work have access to the otherwise non public information which can be crucial for making investment decisions.
Blackout period:
A blackout period is a duration of time when access to something usually available is prohibited. In a financial context, a blackout period is a duration of time when a company's executives and/or employees who are privy to inside information are restricted from buying or selling any corporate securities.