Healthcare Solutions Mgmt. Group Inc. (HSMD)

[OriginalFred]

"A corporation may not repurchase its own stock before any material inside information is reported to the public"

That is pretty clear to me. The company knows what its earnings are. The public does not. If they bought back shares before the market was allowed to react to the earnings report, they would be in violation of insider trading rules.

Would you like to know what the earnings are right now, before the quarterly report? Of course. You could use that information to trade. That is why it is insider information.