Friday, January 08, 2021 9:37:56 AM
CEO's of public companies cannot make specific comments about business prospects in private conversations that are not publicly known. They can repeat what is public, but specific information on progress that has NOT been disclosed publicly is a violation.
That's the foundation of insider trading. One person knowing information not available to the public. Signet's CEO gave information that should have been reserved for quarterly filings or some public announcement so that all shareholders are operating on the same information.
Speaking individually to one shareholder and giving specific information on progress made that is not public is illegal and shows the amateurish approach of this company.
Signet has been in business for 15 years and has yet to receive it's first dollar of revenue. Signet is a public company who's CEO seems willing to provide insider information to private individuals without regard to the regulations around the disclosures.
Trump has a better chance of being sworn in as President later this month than Signet has actually selling their "options" to these unproven, still in concept phase technologies.
Is there a working prototype of the Battery?
Is there a working prototype machine that makes the deicer?
Nope.
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