RE:RE:RE:RE:RE:RE:RE:Don’t let Sebastian and his crew get away with thisThe only current pending catalyst is the Newstrike vote to be held May 17th. I don't think the latest inside trades have anything to do with the planned outcome.
Extract from Policy...
"Trading Restrictions and Blackout Periods Policy Participants are referred to the Corporation’s Insider Trading Policy. The purpose of the Insider Trading Policy is to summarize the insider trading restrictions to which Policy Participants are subject under applicable securities legislation, and to set forth a policy governing investments in securities of the Corporation and the reporting thereof which is consistent with the legislation. Among other things, the Insider Trading Policy sets forth trading restrictions, blackout periods and reporting requirements for Policy Participants. It is illegal for anyone to purchase or sell securities of any public company with knowledge of material information affecting that company that has not been publicly disclosed. Except in the necessary course of business, it is also illegal for anyone to inform any other person of material non-public information. Therefore, Policy Participants with knowledge of confidential or material information about the Corporation or counter-parties in negotiations of material potential transactions, are prohibited from trading shares in the Corporation or any counter-party until the information has been fully disclosed and a reasonable period of time has passed for the information to be widely disseminated. Prior to making any trade, all directors and officers of the Corporation must first inquire, in general terms, whether or not it would be potentially embarrassing for such director or officer to trade in the Corporation’s securities. Such general inquiry shall be directed to a Responsible Officer. If the result of such inquiry is that it would be potentially embarrassing for the inquiring director or officer to trade in the Corporation’s securities, then such director or officer shall not trade. When is Information Deemed Public? Securities legislation does not define the term “generally disclosed” or “publicly disclosed”, however, Canadian courts have held that information has been generally disclosed or publicly disclosed if the information has been disseminated in a manner calculated to effectively reach the market place and public investors have been given a reasonable amount of time to analyze the information. Accordingly, if you are aware of any material information relating to the Corporation which has not been made available to the public, you must not trade, directly or indirectly, in the Corporation’s securities or disclose such information to another person likely to trade in the Corporation’s securities until the greater of: (i) at least two hours after the market opens on the next trading day following the news release announcing the material information to the public; or (ii) such greater period of time as may be required in order to comply with the rules prescribed by the stock exchange(s) on which the Corporation’s shares are - 6 - listed. Thus, one may not attempt to “beat the market” by trading simultaneously with, or shortly after, the official release of material information. Insider trading is not permissible merely because rumours or other unofficial statements in the marketplace reflect material information."