RE: RE: RE: INSIDER SELLING - 11/24/11 Management has not even sold 1 share since the time the news release came out..
With all the respect you can't say that for sure. They legally have 10 working days to report on SEDI. Accordingly your comment should be corrected to something like: Looks like they didn't sell any shares up untill 10 days ago providing that they follow regulations. I say "providing that they follow regulations" because generally speaking I've seen many late filings on register some as late as 2 years. What I think late filing should be considered a fraud (same should consider conflikt of interest) in our corporate system is considered a slap on a wrist. As a matter of time executives of some companies thrive on unfulfilling of those two uneforced regulations. Maybe it would be a good idea to check every member of management of a company you want to invest in for the history of late filings. Conclusively it is "buyers beware" thing, don't count on the relaxed (for me corrupt is a proper word) corporate law.