Trelawney Mining and Exploration Inc TWNNF

shares

[kakunda]

since the announcement of the buyout offer there have been vast amounts of paper traded.Some are traders ,some are collectors,who is to say trr with there war chest of cash is not c\ollecting to offset the vote in there favor.THE KAKUNDA

[MERC24]

I am not sure they can do that legally. It would be a conflict of interest since they are the one putting the offer in for GLD. If they buy up shares say at .35-.45 to get the vote and come with a second offer say at .50, then they stand to make money from what they did. I do believe that is called insider trading.

[beachbum1]

There could be part truth in what both of you are saying. I am a lawyer though my practice does not focus on securities law. This said, i believe that as long as they disclose what they are doing and they are not acting on information that is not available to the public they are not "insider trading". However, you may find that GLD has a shareholders rights plan in place. These typically

[MERC24]

Thanks for the insight beachbum1. When I said insider trading, I was refering to the fact the general public does not know what the second offer was or might be, yet TRR would. So buying shares on the open market knowing that you are going to make an offer much higher, to me is insider trading. Same would go now with their large shareholders. They would know what that next offer would be. JMHO.