Good point! But why confuse people with facts? On the subject of insider trading at IFUS... Because IFUS has been flagged with the BIG RED STOP SIGN by OTC Markets, insider trading rules become much more stringent, as the OTC has already determined that adequate public information is not available.
Therefore, anyone with information unavailable to the general public at the time they become aware of it (i.e. one hour, one day, one week, one month, one minute) and buys or sells based on that information is probably in violation of the rule.
Folks should keep all that in mind as events unfold in the next few weeks.
here is exactly what they (OTC) say:
No Information Warning
This company may not be making material information publicly available.
If you are an affiliate, employee, insider, or any person in possession of nonpublic material information about this company, please be advised that buying or selling this security may constitute trading "on the basis of" material nonpublic information prohibited under Section 10(b) of the Securities Exchange Act of 1934 and Rules 10b-5 and 10b5-1 thereunder. Violators of these laws are subject to civil and criminal penalties.
What is insider trading?
Illegal insider trading refers generally to buying or selling a security, in breach of a fiduciary duty or other relationship of trust and confidence, while in possession of material, nonpublic information about the security.
Rule 10b5-1 provides that a person trades on the basis of material nonpublic information if that person is "aware" of the material nonpublic information at the time of the purchase or sale.
Affiliates, insiders, relatives, or other persons in possession of material information should use extreme caution when buying or selling securities on the basis of material information, particularly in securities where the company is not making adequate current information publicly available as a matter of practice.
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