Thursday, March 29, 2012 2:55:48 PM
Now if the insiders used this information to buy or sell stock then you are looking at a criminal offense. If they are granted shares that is not a transaction.
No insiders buy or sell on the pump. They are typically not the first out on the dump either. They wait, and make sure they are covered legally.
Now the general public that is buying because they hear someone on the radio talking about it, is not a willing participant and therefore did not violate any laws, and cannot be punished.
Dont you find it funny that all the on air commentary about IWDM stopped when they went off the pink sheets?
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