Medipharm Labs Corp T.LABS

Insider trading.

[alleyesonme]

Is illegal. MPL has numerous medical and pharmaceutical contracts...so long as the details are undisclosed as they currently are insiders would be breaking the law if trading on the open market....piddick already has 10m+ shares and the 30m share performance compensation has been approved for insiders.

[subaru1i]

Insider earned their 2024 performance shares as issued in December 2023 and I know they don't have a 'crystal ball' but they do know what coming towards them.   So why not take advantage of those performance bonuses from 2024, pull ahead into 2023 before 'the deal' arrives.  Good financial planning ;-)

[okgonow]

well if there is a blackout  then they have broken the LAW as they have been selling lots on the public markets. because selling is the same as buying  just because you sound like you know what you are talkin about dosent make it so

[QContinuum1]

Have they traded on the open market?  If not, they did nothing illegal and inferring that without proof could be seen as libelous.

[okgonow]

PROOF Date Issuer Insider Transaction Amount New Balance Filed 2023-08-23 09:23   Tx date 2023-08-18 $LABS MediPharm Labs Corp. Strachan, Keith 4 - Director of Issuer Direct Ownership Common Shares 10 - Acquisition or disposition in

[alleyesonme]

Rule 10b5-1 permits major holders to sell a predetermined number of shares at a predetermined time.1 Many corporate executives use 10b5-1 plans to avoid accusations of insider trading.   Are these shares traded OTC or TSX?   I'm not sure the Canadian equivalent for this however I bet one exists...I recall a contributor asking Mr Pidduck on LinkedIn why he was selling and

[subaru1i]

Better tax planning is to avoid or minimize any 'cash' on a take over or majority controlled Joint Venture.   Getting for example Pfizer stock would not have any tax implications until the holder of the Pfizer shares converts them to cash.   This provides for better tax planning and capital gains tax reductions.    Also, there is no limit of how large your

[QContinuum1]

Do yourself a favour and look up 'materiality'.  And once you've done that, remind yourself that just because you 'think' something has happened, doesn't mean it actually has and certainly not in the way you believe. As an example (again), simply because they may have an agreement with some entity in Brazil, that agreement itself may not be material given there may

[okgonow]

you lost me... all i said initially was that there have been no insider Buys of stock eventhough they think MPL is undervalued, and my contention was that show shareholders by purchasing some shares on the open market, dont just grant yourself options. then someone chimed in that they cant because they have material info and are blackouted from buying and if they do they would be breaking the

[mdjbrown]

As alley said okgonow, insiders have arrangements to protect them if selling shares during a "material event" or cooling off period. The execs at Medipharm are far to experienced to risk regulatory sanctions for insider trading on material news not made public. "A complete 10b5-1 plan will include the number or dollar value of shares to be sold, the sale date, and for a limit

[okgonow]

The 10b5-1 rule is a US rule not Canadian if you could post equivilant Canadian rule that would be great or if the sales were made on US exchanges please post that  I think all shares received by MPL board are received as Canadian equities as the company is a registered Canadian company

[mdjbrown]

okgonow, this benefit is used on both sides of the border.  10b5-1 or Automatic Plans (ASDPs and ASPPs) -  Different name same purpose https://www.stikeman.com/en-ca/kh/canadian-securities-law/use-of-automatic-plans-to-facilitate-trading-by-company-executives

[okgonow]

Thanks i will check it out

[QContinuum1]

Actually you lost yourself.  Your OP seemed to suggest that LABS mgmt were into some darker things given stock purchases etc etc and that somehow it tied to 'contracts' that you think have been signed. They have done nothing illegal and posting their share history doesn't prove a damn thing. 

[okgonow]

the only point i was making with my initial post was that management hasent purchased a single share on the open market, if they thought the shares were so undervalued they could have shown shareholders that they believe in the company by making some insider buys. no mention of any accusations of illegality or impropriaty by management on my part...so take a breath guy! then someone chimed in and

[QContinuum1]

haha...the proof you posted to prove what exactly?  That they can't buy or sell?  So you proved that they did buy and sell....so what?  How does that mean anything to the discussion? 

[okgonow]

are you a little thick? to prove to the guy that said they cant buy or sell because they are sitting on material info and it would be illegal to do so  ...that they indeed did buy and sell  ..... a whole lot more selling than buying  what dont you get ??????? hey whats that i hear?!..the short bus is here ...time for you to go away !

[okgonow]

just went back to the start of this whole frazzeled mess... its all clear to me now  your the guy that said i had no proof  i stand by my previous statements regarding your mental capacity,  you are windowlicker not worth responding to going forward and taking the advice of the use of the Ignore button! enjoy talking to yourself

[QContinuum1]

You proved that they bought and sold....you didn't prove they did so when sitting on material news and thus would have bought and sold illegally. What I was (and still am) asking for is proof that they bought and/or sold when sitting on material news. I'll be waiting at the short bus stop for you... :) Maybe I'll bring a lawyer just in case, so careful what you claim... ;)

[okgonow]

this is the post i responded to re; insider trading  Post by alleyesonmeon Apr 01, 2024 11:49am 94 Views  Post# 35962939 Insider trading. Is illegal. MPL has numerous medical and pharmaceutical contracts...so long as the details are undisclosed as they currently are insiders would be breaking the law if trading on the open market....piddick

[okgonow]

just to make it 100% crystal clear and get the timeline absolutely right: i made a post saying that to show confidence in the statement that MPL is undervalued insiders should be buying on the open market to show shareholders that they truly beleve its true not just grant themselves options... THEN this was posted next as a rebuttal: Post by alleyesonmeon Apr 01, 2024 11:49am

[QContinuum1]

Look up the word insinuate and then look at defamatory libel....lol

[alleyesonme]

Okgonow, I sign inn before viewing the board, I can't see who your corresponding with because iv placed numerous trolls on ignore, and I'd suggest you do the same...sign inn, click on the icon of the person through the main board and select ignore...it's a really nice feature, many trolls have popped up lately and they don't deserve response..

[QContinuum1]

And incidentally, ignorance of the law is not a defence, just sayin' (ie. libel).