Wednesday, December 02, 2009 3:54:44 PM
You go out to dinner and brag about the deal being done and someone from the next table hears about it and starts calling friends. Maybe the waiter is listening to the conversation. Husbands talk to wives and wives talk to friends and neighbors. It simply happens. Not to mention law firms and sec officials. How many people did Paul meet with in NY this week? Who did they talk to?
Usually the trading is done with options to try and limit exposure and to leverage up the gains. With this one, that can't happen so they have to buy the shares. But at .05 a share it is a seriously cheap option.
This stock moved off of the bottom roughly 5 monthes before the first PR. There was no reason for it to move from .0002 to .0020, other than people in the know buying. I agree most people who know about the deal are already in, but what about all the family members that came by for Thanksgiving. I'm sure they asked Paul and his employees how work was going.
Is it technically insider trading? Probably, but highly unlikely that the sec will come down on a penny stock. Paul in no way will be caught up in it, because to be guilty of insider trading you have to actively buy or sell shares on the impending news or event. He already has his shares.
P.S. Thanks Wicks
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