GREY:SGLRF - Post by User
Comment by
hollyberrieson Nov 07, 2014 10:45pm
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Post# 23109268
RE:RE:RE:No insider b
RE:RE:RE:No insider bMy understanding of the rules is that they are defined not in terms of dates but in terms of performance. In this case, once insiders are in possession of material information (anything that would influence a shareholder to purchase or sell shares) they must not trade until the market as a whole is in possession of that information. As such it depends on when financial results are in the possession of insiders. There are rules that apply to when results must be reported post the end of each quarter or year end and these depend on whether the issuer is listed on the Venture or the main Exchange and I have forgotten those dates although you can probably figure out that they are in the order of 45 days for TSX listed companies and 60 days for Venture companies. Hope this helps.