RE:RE:Radio SilenceI believe this is the answer you are looking for.
https://www.sec.gov/Archives/edgar/data/1164964/000101968715004168/globalfuture_8k-ex9904.htm
| What is material inside information? |
Courts define “material inside information” as information which, if known, could reasonably be expected to affect the value of the Company’s stock, or which would affect the investment judgment of a person making a decision to buy or sell the stock. Information is considered “material” if there is a substantial likelihood that it would be considered important by a reasonable investor in deciding whether to purchase or sell stock, or other securities, or if the information would be viewed by the reasonable investor as having significantly altered the total mix of information available to the investor before making the purchase or sale. The information need not be the determining factor, but must assume actual significance in the investor’s deliberations. Examples of inside information include:
| | - | a material change in anticipated earnings (up or down); |
| | - | proposed public or private offerings of securities; |
| | - | loan defaults; |
| | - | pending or proposed mergers, acquisitions, joint ventures, or sales of significant assets or other strategic plans; |
| | - | regulatory approvals, patent registrations or issuances, investigations, etc.; |
| | - | a proposed offering or issuance of new securities; |
| | - | the occurrence of, or important developments in, major disputes, claims or significant litigation (whether or not meritorious); |
| | - | a change in management; |
| | - | new product announcements; and |
| | - | the gain or loss of significant customers, suppliers or business partners.
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I think that in the grand scheme of things, Doug has been consitently buying thounsands of shares at a time for years slowly acumulating millions at what ever the share price is, and will continue to do so for years to come.
I think once the maiden resourceis complete and they have substantial insider knowledge, that is when he would be at risk if he were to buy or sell major amounts of stock. that also applies to the announcement of comercial production. If he were to buy 1 million shares and then the next day release news saying they have a billion dollars of gold and they are now comercially producing, then yes, he would be at fault for insider trading. the same goes for if he were to sell millions of shares and then come out and say our maiden resource results are in and we only found dog poo and an old spoon, and we are haulting operations. Again, he would be at fault and would get sued for alot of money.
I dont think doug is in the business of losing money or even risking any chance of his future.
He and his team are locked in on a plan to build 3 mines, have them all operating, and producing 200,000 ounces of gold by 2025.
this stock will be easily worth 5-10 dollars by then and then just like great bear resources he will sell it for 15-20 dollars making him, and all of us buyers at these levels extremly wealthy.
Cheers,
Bully