Replies to post #16538 on Banro Corp. fka BAA

[nagoya1]

CAn someone comment about insider buying rules.

BAA insiders bought shares on Friday while BAA and Gold Holding are in gold streaming financing negotiations.

Are they allowed and under what circumstances.

Thanks in advance to all posters.

(Naomi- is everything transparent? :)

[JohnCM]

Exactly ..

Well, it got this board to feel pretty cheery and upbeat bullish so I should eat my words. However, aren't there rules against insiders trading on non-public, substantial and consequential insider information? Be it a successful deal or a failed deal or other financing and gold streaming deals, or refinanced debt obligations it is all insider information that needs to be made public before an insider can buy.

I just donèt like the smell but am happy if it results in a price floor and will make Mr. Market happy.é