RE: Heard the 51-101 report is almost completeIf there was no insider trading stocks wouldn't rally before news releases came out. There's tonnes of illegal insider trading on these penny stocks. If you see heavy dumping followed by a NR, you can pretty much bet there was someone with insider knowledge protecting their capital.
Conversely if there's a rally leading up to a NR, it's more probably people know good news is coming than it is that they speculate good news is coming.
Oh, it's rampant on the TSX, no mistake about it. In the US, insiders are terrified about insider trading suits. When's the last time someone got nailed for that here in Canada?