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sharpchicity

12/07/22 12:36 PM

#52848 RE: fishhunter #52847

Maybe I'm off base here, but if they're involved in military programs and bound by NDA's and unable to publicly disclose their involvement, how can they buy stock in the open market?

"SEC Rule 10b-5 prohibits corporate officers and directors or other insider employees from using confidential corporate information to reap a profit (or avoid a loss) by trading in the Company's stock."

They could, however, grant themselves shares in the company under the guise of hitting profitability targets which, coincidentally, would be achieved by being involved in classified military programs.