Friday, February 10, 2012 10:31:29 AM
here's one point -
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inking a deal requires tons of due diligence, lawyers and accountants, among others. my analogy of closing on a house, it can take weeks.
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so an insider knows that a deal is being inked, but cannot be announced until DD is complete.
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so that "insider" ( to the process ) buys shares while the DD is happening, and while the agreements are being hammered out and inked.
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the completed agreements will be announced when the ink dries, so to speak. think of it as the "passing of papers" . then the announcement can be made in the newspaper, continuing the house purchase analogy just a bit more .
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remember, when you buy a house, it is announced in a local newspaper. but not until the closing day has passed. always.
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snowiegeorgie
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