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Re: golong22 post# 10588

Wednesday, 06/13/2012 9:30:58 PM

Wednesday, June 13, 2012 9:30:58 PM

Post# of 232867
not insider trading if he was told something that everyone already knew, which is they shipped out 4 prototypes to companies

You can easily put together a lovely power point demonstration with "projections" IF those companies accepted the prototypes

In addition, because he would be buying into the company, he would be part of the company, and therefore not insider trading (as he's not trading, but being the company itself).

In any case, they most likely said in their power point presentation, that these are "estimates" and made it clear without his help and business, they wouldn't be able to deliver on those orders.

The man knows how to read between the lines. They don't have to tell him what the companies names are, exact numbers, etc. He knows what the end result is, especially after building up his business to what it is today

violating NDAs and giving out "secrets", as well as telling him what the earnings are going to be in advance, is insider trading
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