InvestorsHub Logo

deut8-18

12/01/21 3:18 PM

#45410 RE: BigBadWolf #45403

TSOI-Sounds good but legal would never sign off on it. This is all I have to say on this subject but appreciate your thoughts.

bbw-Unfortunately that reply makes no sense as officers & directors buy stock in the open market with their own cash all the time.

My read on TSOI response-blackout period:
A blackout period is a policy or rule setting a time interval during which certain actions are limited or denied. It is most commonly used to prevent company insiders from trading stock based on insider knowledge.

gotinearly

12/01/21 3:22 PM

#45411 RE: BigBadWolf #45403

Funny, good answer

BigBadWolf

12/01/21 4:01 PM

#45415 RE: BigBadWolf #45403

Insiders can (and do) buy and sell stock in their own company legally all of the time; their trading is restricted and deemed illegal only at certain times and under certain conditions. A common misconception is that only directors and upper management can be convicted of insider trading.



for Insiders to sell

Rule 10b5-1 allows company insiders to set up a predetermined plan to sell company stocks in accordance with insider trading laws. The price, amount, and sales dates must be specified in advance and determined by a formula or metrics.