loanranger, ok, now I understand. That was a lot more clear...
You are correct -- no one knows if Pike can legally buy shares. And if he signed an NDA, would that give him the right to then buy shares based on what he knows? My guess is 'no' he couldn't. But that's just a guess.
As for point two, yes, they could announce an NDA. Nothing preventing them from doing that. I understand what you're getting at -- transparency, of which we haven't had for a long time. As far as insider info, when does it begin, what are the rules and when does it end? Does it end when the NDA is cancelled? Who knows? I will contact the SEC and see if I can't get an answer of some kind.
By the way, why isn't Pike trading? lol.