RE:RE:RE:Frank bought KWG yesterday. For me it is not fair play gbenga wrote: The fact that Frank is buying is not necessarily good news - at best it is "no news". As any fool knows insider regulations do not allow an insider to buy with such impunity if indeed something material is afoot. Unless Frank is planning to spend his retirement behind bars he would not be buying on material information that may impact the share price one way or another - if he is an insider that is.
I should clarify a bit: what I meant by the previous post is that the "good news" element of Frank's buying is NOT (no pawn intended!!) that he knows something as an insider because he is not allowed to buy based on insider knowledge. The "good news" may be just that a principal is putting his own cash in the thing so it must be good - a presumption that has failed many many times before of course!!