GREY:ALARF - Post by User
Comment by
Capharnaumon May 23, 2018 12:09am
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Post# 28067505
RE:RE:RE:RE:RE:Insider Buying on Friday, May 18th
RE:RE:RE:RE:RE:Insider Buying on Friday, May 18thnedstar71 wrote: I really don't think the traditional meaning of blackout period would apply to this type of business for the deals they do. I mean, they are working on deals 365 days a year as that's the business they are in. I'm sure there could be some questions if there was some huge insider buying the day before they announced a hugely positive transaction, but they would be free to buy and sell as they please during periods of negotiating royalty streams and as long as they aren't blatantly trading very short term on material information that hasn't been released to the public. I would think the only blackout periods would be after quarter end leading up to earnings and the odd self imposed blackout period right before news is announced.
Back when I was an insider, my blackout period was about 8 months out of 12 months, and that was if I wasn't directly involved in a deal. If I was involved in a deal that was discussed, then I would have additional blackout periods. One year, I had 11 out of 12 months in "blackout". TBH it kind of sucked...
Anyway, my guess is that the CFO may not be active in talks for additional deployment of $ (he may have already vetted companies) or he may had setup a purchase agreement through a broker for himself (the broker wouldn't be subject to blackouts). Hard to tell...