RE:RE:RE:RE:RE:RE:Insiders sold the pump!Could any of the following reasons answer the non reporting issue?
- The trade was mistakenly marked; this can happen in a basket trade of stocks by one large player ( not likely for this amount of days)
- The trade was made by a former insider but has been mistakenly marked as a current insider
- The trade was made by an institution that reports on SEDAR using the Alternative Monthly Reporting system under National Instrument 62-103 (Part 4) and marked as an insider
I really don't know and am just asking. Here are the penalties according to OSC.GOV.ON.CA
- the imposition of a late filing fee;
- the reporting insider being identified as a late filer on a public database of late filers maintained by certain securities regulators;
- the issue of a cease trade order that prohibits the reporting insider from trading in securities and related financial instruments of the applicable reporting issuer, whether direct or indirect, until the failure to file is corrected; or
- in appropriate circumstances, enforcement proceeding.
I'm not arguing either way just trying to understand because with all the eyes on Concordia I have trouble believing they would do anything to warrant more legal issues.