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CardioComm Solutions Inc. V.EKG

Alternate Symbol(s):  EKGGF

CardioComm Solutions, Inc. is a Canada-based company, which develops software, hardware and core laboratory reading services related to electrocardiogram (ECG) and ambulatory arrhythmia monitoring systems for medical and consumer markets globally. The Company's specialization is in the software engineering of computer based (ECG) management and reporting software. The software permits physician interpretations of ECGs and supports private and public payer fee-for-service billings. The Company’s device connectivity and ECG management technologies are used in medical, consumer, clinical research and telemedicine solutions for the recording, transmission, viewing, analyzing, reporting and storage of electrocardiograms, for arrhythmia screening, diagnosis, and management of cardiac patients. Its Global ECG Management Solutions (GEMS) and GlobalCardio (Cloud based GEMS) products are licensed worldwide to hospitals, ECG commercial reading services and physicians.


TSXV:EKG - Post by User

Bullboard Posts
Post by bwaiting12on Apr 14, 2016 11:53am
177 Views
Post# 24766552

Automatic Plan?

Automatic Plan?Since Langer seems to be selling exactly 100,000 shares per day, is it possible that this arrangement qualifies as an Automatic Plan, which will give him more flexibility of selling as we approach the release of financial information?

Here's a small excerpt (link to full discussion is below)

Flexibility: Timing Considerations

Insiders have very limited flexibility from a timing standpoint, and black-out periods, limited trading windows and possession of MNPI may restrict the ability of insiders to sell stock or exercise options.

Limited trading windows increase the likelihood that an insider may opt to sell a substantial portion of his or her holdings in one large trade (potentially exposing the insider to market volatility and depressed stock prices), which may be interpreted by the market as an indication that the insider expects the stock price to decrease and precipitate downward pressure on the stock.

Pre-arranged trading instructions, particularly the ability to establish a price floor, the automatic nature of Automatic Plans and the potential availability of exemptive relief from insider reporting (discussed in further detail below) all benefit the issuer as market sensitivity may be tempered through plan disclosure and, where available, annual insider reporting (as opposed to reporting each trade on an ongoing basis). In turn, insiders are permitted to trade throughout black-out periods or outside of open trading windows pursuant to the pre-arranged terms of Automatic Plans thereby providing increased flexibility from a timing standpoint;



Distribution

https://www.canadiansecuritieslaw.com/2014/08/articles/securities-distribution-tradin/use-of-automatic-plans-to-facilitate-trading-by-company-executives/

Bullboard Posts