RE:RE:RE:Look at insidersIn Canada a insiider can buy or sell whenever they want to as long as they report the transaction within 5 days as LIC insiders have done if you bother to check. It does not take weeks, whereever you got that from.
After news comes out it is public knowledge so insiders can definatey sell into the volume that news release invaribly causes huge volumes to sell 500,000 shares
Also an insider cannot trade if they are in possesion of material information that is not public knowledge. An example is say Glencore is going to buy out Lic. So something like this is obviously not imminent.
Insider selling is very important, don't kid yourself, especially the amount that we are seeing.
I do not care who or why from LIC company is selling, it does not matter. The optics are indeed terrible. Why buy when insiders are selling.