Ooh ok maybe I took your post as fact rather then an opinion
Keep in mind that many private companies are family owned, so nobody outside of a very few might actually own 'shares' in that company.
So it sounds official and all, but the 'management,' 'shareholders' and 'board of directors' may only be the same 2-3 people.
That said, if those 2-3 people are buying shares of GRDO, I would think that is not legal.
Just noticed I don't see the "IMO" at the end of your post, yep that's what threw me off. Since it sounds like you had some insider information different then what the PR was indicating. OR you could have been talking down the PR, cuz your frustrated so you wanted to just spread that wealth. Oh well AIMO