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Alias Born | 09/27/2020 |
Wednesday, June 16, 2021 1:01:35 AM
I can understand why GC was ticked off. You are essentially claiming insiders are illegally buying shares and are manipulating the share price in order to do so by withholding the quarterly filing. Perhaps you haven't been watching the news, but Israel has been under multiple attacks by Hamas, including more attacks in the last 24 hours. GC stated in a tweet that this was the primary reason for the delay, as the CFO is based in Israel.
If your insider data is in fact accurate, it doesn't necessarily mean the activity is illegal. The SEC provides rules that allow legal insider trading. Insider trades could have been pre-planned or conducted in a way to meet these rules. The insider data you presented might be coincidental to the delay in financials, but it doesn't necessarily imply one has anything to do with the other. One can state opinion and list a lot of "facts" but that still doesn't point to conclusive evidence a crime was committed.
I think GC's response was typical of someone being accused of committing a crime. I'd likely respond in similar fashion, but not as polite.
Posting "factual information" that isn't observed on other insider trading sites tends to make me believe there is nothing to this claim. Just my two cents. I own 710K shares and would like to think that insiders are loading up on shares, but legally. We may see Form 4's show up in the near future. It could be Yozma buying shares in the secondary market. They would also be insiders and their purchases would have nothing to do with the delay in financials. It seems unlikely Yozma has access to the financial data about to be released, so their insider purchases would not violate SEC rules. Different rules would apply to company officers. Something to think about... what one person sees as illegal activity another can find a reasonable explanation for it.
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