Replies to post #546846 on NorthWest Biotherapeutics Inc (NWBO)

[CrashOverride]

Jerry, you are correct about Jerry. He's an insider, as a Director, and Linda Powers approved his purchase of stock as she does as CEO for all insiders who want to buy or sell shares.

[Red_Right_Hand]

The prohibition against insider trading (ie, trading on material, non-pubic information) does not mean a person who is an insider cannot legally trade. Rule 10b5-1 itself lays out some ways it can be legally be done. https://www.law.cornell.edu/cfr/text/17/240.10b5-1.

Just because someone is an insider when they make a trade, it doesn't mean they were in possession of material non-public information when they did so (although they better be prepared to demonstrate that they did not).

There are multiple ways to screen out an insider from possessing material, non-public information so that they can legally buy/sell. More difficult perhaps with a CEO/COO-type position. Perhaps easier with an independent director who is not involved in day-to-day operations .

We don't know all the circumstances surrounding JJs purchase, but just because he did not possess material non-public information when he purchased (or when he decided and committed to purchase, which could be a different earlier date), it doesn't say anything about whether such non-public information existed or whether other individuals in the company were in possession of that information.

[biosectinvestor]

Yes, I said he reported it, and he had a duty to report. But his being an insider in relation to this transaction is otherwise irrelevant.