Friday, February 06, 2009 12:07:54 AM
That is a classic case, of much ado about nothing.
When Mike called me, I already knew (from PL1's report) that Sarah and a lab worker had been seen in DNAG HQ, recently. I was also very aware of the many negative and false claims that were being thrown around. Mike called and asked me for information. He wanted to know where they were. The _only_ information he gave me was, that they weren't there, (up until that time, on that day, I presume. I didn't ask for more details.) In the context of all the negative false claims flying around, I seem to have misinterpreted what was probably his genuine curiosity/concern/surprise, for false concern designed to scare me. I thought the circumstances were suspect. I didn't take him seriously, (which I suppose is why he repeated himself a bit,) I told him I was busy, that I didn't know where they were (but I knew they had been seen there recently,) and I didn't speak with him long, only about 1 or 2 minutes, if I recall correctly. Anyway, now we know the rent _is_ paid up (contrary to the unsubstantiated claim,) and they are still around. As I said before, I don't expect DNAG HQ to be fully staffed 100% of the time, in the midst of a difficult financing squeeze. Fully staffing during such a time, can be suicidal for a company.
As for the insider information I now have, and my ability to trade, I have not acted on any of the information I have recently come across. My pre-existing trading plan (in the form of my buy limit orders) has been in existence, unchanged, for quite a while now, long before I obtained anything even remotely resembling inside info., and my brokerage is executing that plan for me. They have a record of when I set those limit orders up, and it was long before I obtained any inside info., whatsoever. As long as I don't change my pre-arranged trading plan in any way, it doesn't matter what information I obtain. If I get hits on my buy limit orders, that's allowed under the pre-arranged trading plan. (Yes, limit orders are allowable under such plans. I looked it up, previously.)
Daniel
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