invester groups (like Magna) who double their money in days by getting shares off market, at heavy discount, YES! They are absolutely insiders becuz theyre Certainly not Retail Investers!
But why argue? Lets just call it 'Convertible Debt'. And we all know the benefit investers get from that, dont we.
They would have structured to avoid being classified as insiders so that they wouldn't have restrictions on how they could sell.As far as "retail" one could say they were "wholesale" buyers in a sense.
Was the Magna transaction a positive or a negative ?
Also, a question - what would you have had the company do differently the last few months or in the future ?
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