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Jamis1

02/04/15 7:50 AM

#34797 RE: wooferwax #34796

Insider buying is illegal with respect to buying with non public information. If there is huge volume prior to the SP launching on news, this company (insiders) will be getting a lot of scrutiny regarding insider trading if the SP goes from $0.16 to $3 in a matter of weeks or months. Most of the insiders already have millions of shares and will be quite wealthy when this launches. They've been getting paid with shares for years. Why would they risk jail time and fines by trading on insider info?
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dplin2001

02/04/15 12:15 PM

#34806 RE: wooferwax #34796

When a company is this tight and has so many active customer discussions going on ANY buying prior to a move in the share price and/or a significant event would be frowned upon. None of these guys can buy because they all have insider/non-public info.

It would be a lot different if a company has 100's or 1000's of employees it would be safe to say that lower end employees would not know material non-public info.

The QMC team will be restricted from buying until AFTER info is public.
There is no way that they will risk 6 yrs of their work just to grab some more stock.